Thailand, the world’s biggest rice exporter after India, is on track to ship the highest volume in four years as importing countries boost purchases to replenish stockpiles and keep a lid on food inflation.
Exports will probably climb to 8 million tonnes this year as a weak currency boosts competitiveness and countries such as China look to rebuild inventories before the Lunar New Year holidays, said Chookiat Ophaswongse, honourary president of Thai Rice Exporters Association. Shipments could hold at a similar level through next year, he said.
