Markets

Thailand raises 2018 rice export forecast to 11mn T

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Thailand, the world's second-largest rice exporter after India, initially expected to export 9.5 million tonnes of rice this year.

The association cited growing demand from importing countries, including Indonesia and the Philippines, and a weaker baht making Thai rice more competitive, as factors for the expected higher export amount.

Thailand exported a record 11.63 million tonnes in 2017.

Copyright Reuters, 2018