Costly Thai rice is expected to prompt more Thai exporters to procure and sell rice from overseas in lieu of Thai grains, or even relocate their milling base to neighbouring countries.
"We insist we are not running against the government's rice pledging policy, but we need to adapt to stay afloat," Kiattisak Kanlayasirivat, president of Novel Agritrade (Thailand) Co, said at a seminar on the future of Thai rice in the world market.
"In the past, any exporter who sold the rice of other countries was labelled unpatriotic. But now things have changed, as all parties admit and agree that the price of Thai rice is much higher."
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