Thailand rice exports fell to 7.5 million tonnes in 2024-25 depicting a sharp drop of 24% from the 9.9 million tonnes shipped the previous year. This rice export news from Thailand came into light after the latest data released by the US Department of Agriculture’s Foreign’s Agricultural Service (FAS).
Thailand rice exports decline reflects the intensifying global competition, particularly from India’s re-entry into international markets and larger Vietnam rice supplies, which have squeezed Thailan’s share in the high-volume white rice segment. Notably, India’s non-basmati rice export price is comparatively lower than that of Thailand. For example, rice export price in India in April 2025, was 25% broken rice at $377/tonne, while Thailand’s 5% broken rice was $395/tonne. The recent removal of the minimum export price (MEP) on Indian non-basmati white rice in October 2024 also helped to lower prices and boost exports, making them more competitive against Thailand.
Thailand Rice Exports Price Comparatively Higher than India
Further, export price of basmati rice in India, though depends on varieties but lower than Thailand’s overall. However, the Indian rice exporters federation (IREF) already predicted that Thai farmers may face price drop. As per the news, the world’s largest rice exporter is planning to release around 20 million tonnes of stockpiled rice in September. Further, confirming the decline in Thailand rice exports, a report by the US Department of Agriculture’s Foreign’s Agricultural Service (FAS) says that during the first half of the 2024-25 marketing year, white rice exports declined significantly, reversing the gains Thailand had made during India’s 2023 export restrictions.
Meanwhile, parboiled and fragrant rice varieties continued to see robust demand and price stability in premium export markets, including the Middle East, Asia, and Africa, highlighting Thailand’s ongoing strength in higher-value segments.
Thai Rice Output Projection Presents Positive Outlook
Thai rice output in 2025-26 is projected at 20.48 million tonnes, only slightly below the previous year and still ranking as Thailand’s fourth-largest harvest on record. Give the ample output coupled with robust carryover, means ending stocks are expected to remain between 3 and 4 million tonnes through both 2024-25 and 2025-26. According to FAS analysts, these comfortable stock levels will help moderate domestic price volatility despite a decline in Thailand rice exports as competitors step up their export activity.
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