Grain: World Markets and Trade-202001
- Thai rice exports are forecast to tumble further in 2020, dropping to the lowest level in 7 years. Exports for 2020 are forecast down by a third compared to 2 years ago as exportable supplies fall and prices remain high. The precipitous decline in Thai exports began in calendar year 2019, in part due to tepid demand from key markets. China was Thailand's second-largest market, but its imports have fallen sharply over the past year. Likewise, Indonesia's imports plummeted over the past year with more abundant domestic supplies, reducing the need for imports from Thailand or elsewhere.