Dim view for second-half rice exports - News Summed Up

Dim view for second-half rice exports


Dim view for second-half rice exportsThailand's rice export prospects look murky in the second half of the year amid sluggish global demand caused by the coronavirus crisis. Charoen Laothammatas, president of Thai Rice Exporters Association, said overall Thai rice export activity is relatively quiet in July after the pandemic resulted in the collapse of Phoenix Commodities, one of the world's biggest commodity traders. "Phoenix Commodities' collapse affects almost all rice exporters in Thailand," Mr Charoen said. "Phoenix was a trading partner of many Thai rice exporters, particularly those who ship rice to Africa." According to Mr Charoen, Thai rice exports are now pricier than those from other countries because of the baht's relative strength.


Source: Bangkok Post July 14, 2020 22:52 UTC



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