Rising baht and falling output to curb Thai rice exports

Exporters risk missing 9.5m ton target for 2018

20180213_thai rice

Workers transfer sacks of rice from a barge to a cargo ship on the Chao Phraya River in Bangkok.

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- A stronger baht and smaller harvest are expected to curb Thai rice exports this year, potentially causing the country to miss its 2018 target of 9.5 million metric tons, according to the Thai Rice Exporters Association.

The 2018 rice export target was set at around 18% lower than the record figure of 11.6 million tons achieved the previous year, said Charoen Laothamatas, president of the association.

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