Thailand rice price up 15% this year on high demand.

Thailand Rice Exporters Association has indicated a 15% increase in the average price of Thai rice this year due mainly to high demand among importers. President of the Thai Rice Exporters Association, reported that the Kingdom has exported more than 8.2 MMT of rice since the beginning of this year. Given the export volume during the last three months is projected to be around 900,000 MT monthly, the president said the association has set the yearly export target at 10.8 MMT, which is close to the Commerce Ministry’s figure of 11 MMT.