Iran war knocks out Thai Mideast rice exports, squeezing farmers harder
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The escalating conflict in the Middle East has halted Thai rice exports to the region, impacting Thai farmers already facing economic challenges. Two ships carrying 80,000 tonnes of rice destined for Iraq were suspended at a Bangkok port due to the war, with buyers requesting the cargo be unloaded. Shipments to the Middle East, Thailand's largest rice market, could be suspended for months, halting new purchases. This disruption exacerbates existing issues for Thai farmers, including falling domestic prices and a strong baht, further reducing overseas competitiveness. Thailand's rice exports were already projected to decline this year, and the situation is worsened by Iraq requiring shipments through the Strait of Hormuz, where a Thai cargo ship was recently struck.
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