In response to the anticipated decline, the Thai Rice Exporters Association and the Ministry of Commerce have set a lower export target of 7.5 million tonnes for 2025. This adjustment reflects the expected impact of India’s resumption of rice exports and a stronger Thai baht.
Construction of the mill is reported to be already at an advanced stage.
Rice is the largest U.S. agricultural commodity exported to Iraq and is a key component of the regular food allotments provided by the Iraqi government to its citizens.
This significant delivery of high-quality rice marks the company’s official entry into the rice sector.
This development comes as the agency boosts procurement and rolls out a nationwide subsidized rice program