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India to pass Thailand in rice exports

India, the largest rice grower after China, is set to surpass Thailand to match Vietnam as the world’s biggest shipper after favourable weather and higher government prices boosted the harvest to a record.

Exports may climb to seven million metric tonnes in the year ending 31 Aug, said Samarendu Mohanty, a senior economist at the International Rice Research Institute. That’s more than double the 2.8 million tonnes shipped in 2010 to 2011, according to the United States Department of Agriculture. Vietnam will export seven million tonnes and Thailand 6.5 million tonnes, USDA data show.

(Source: Bangkok Post)