Chairman of the Thai Rice Exporters’ Association Charoen Laothamatas said the stronger baht makes the price of Thai rice unattractively high compared with the prices of competitors such as Vietnam.

Photo: VNA

The association also warned that Thailand could lose Africa market because it bought stockpiled rice in mass from the Thai government, but the supply has run out while new crops are expensive, making it hard for consumption here.

Thailand’s baht stood at USD 31.35 per, a record since November 2013. In January 2018, it rose nearly 4 percent after a 9 percent increase in 2017

Source: VNA