Thai rice exporter are starting to feel the pinch with competition from Indian rice which has crept into the market over the past months.
India has lifted its ban on exports of non-basmati rice. India’s rice exports are likely to reach 4 million tonnes next month.
According to Korbsook Iamsuri, President of the Thai Rice Exporters Association, Thai exporters are struggling as the government has a policy not to compete on pricing with others.
Thai industry experts said that many exporters may suffer and some may have to cease their operations if the sales don’t improve in the next six months.