Thai Rice exports could reach 8 million tons this year

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Thai Rice exports could reach 8 million tons this year

Thailand's rice exports could reach 8 million tons this year, as the flooding caused by Typhoon Noru has had little impact and a weak baht has helped overseas sales, the president of the Thai Rice Exporters Association said on Wednesday.

The world's third largest rice exporter shipped 6.11 million tons of grain last year.

The typhoon in late September and early October had caused some damage to crops, but had not impacted exports, according to Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association.

We can reach 7.5 million tons of exports this year and can reach 8 million because of the weak baht and India's export tax, according to Chookiat.

In September, India, the world's largest exporter, banned overseas sales of broken rice and levied a 20 per cent duty on exports on various rice grades.

The association increased its export target to 7.5 million tons from 7 million tons in September due to higher output and weak baht.