{"id":12700,"date":"2023-12-25T15:50:44","date_gmt":"2023-12-25T15:50:44","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=12700"},"modified":"2023-12-25T15:50:52","modified_gmt":"2023-12-25T15:50:52","slug":"thai-november-export-growth-misses-forecast-rice-shipments-surge","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/thai-november-export-growth-misses-forecast-rice-shipments-surge\/","title":{"rendered":"Thai November export growth misses forecast; rice shipments surge"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"523\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/2023-12-25T071859Z_1_WV7_RTRLXPP_2_LYNXPACKAGER-1024x523.jpeg\" alt=\"\" class=\"wp-image-12701\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/2023-12-25T071859Z_1_WV7_RTRLXPP_2_LYNXPACKAGER-1024x523.jpeg 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/2023-12-25T071859Z_1_WV7_RTRLXPP_2_LYNXPACKAGER-600x307.jpeg 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/2023-12-25T071859Z_1_WV7_RTRLXPP_2_LYNXPACKAGER-300x153.jpeg 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/2023-12-25T071859Z_1_WV7_RTRLXPP_2_LYNXPACKAGER-768x392.jpeg 768w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/2023-12-25T071859Z_1_WV7_RTRLXPP_2_LYNXPACKAGER.jpeg 1370w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Nov exports +4.9% y\/y vs +6.3% in Reuters poll<\/p>\n\n\n\n<p>Nov rice exports at 1 mln tons, +41.8% y\/y<\/p>\n\n\n\n<p>Exports seen up in December but down for full year<\/p>\n\n\n\n<p>Export growth seen at about 2% in 2024 &#8211; ministry<\/p>\n\n\n\n<p>Recasts, adds outlook, comment from official from paragraphs 3-8<\/p>\n\n\n\n<p>BANGKOK, Dec 25 (Reuters)&nbsp;&#8211;&nbsp;Thailand&#8217;s exports in November rose at a slower pace and missed analysts&#8217; forecasts despite a surge in rice shipments, and the commerce ministry said on Monday that full-year exports would post a small drop before rising in 2024.<\/p>\n\n\n\n<p>Customs-based exports&nbsp;THCEX=ECI, a key driver of Thailand&#8217;s economy, were up 4.9% in November from a year earlier, missing the 6.3% rise forecast in a Reuters poll, and against October&#8217;s 8% increase.<\/p>\n\n\n\n<p>Exports were helped by higher shipments of agricultural products and electronic goods, which saw advance orders before the year-end festive season, the ministry said in a\u00a0statement.<\/p>\n\n\n\n<p>Shipments are expected to show further growth in December but a drop of less than 1.5% for the full year, Keerati Rushchano, the ministry&#8217;s permanent secretary, told a briefing.<\/p>\n\n\n\n<p>&#8220;Exports might be negative this year but should rise about 2% next year,&#8221; he said.<\/p>\n\n\n\n<p>Attacks&nbsp;by Yemen&#8217;s Houthi militants on ships in the Red Sea, if prolonged, could impact Thai exports in January, Keerati said.<\/p>\n\n\n\n<p>In November, exports of agriculture products rose 7.7% on the year. Rice shipments jumped 41.8% to 1 million metric tons, with the value up 68% on the year.&nbsp;Exports of computers increased, but auto shipments contracted.<\/p>\n\n\n\n<p>Rice exports saw high demand due to concerns over food insecurity, Keerati said.<\/p>\n\n\n\n<p>Shipments to the United States rose 17.5% and those to Japan increased 4.3%, while exports to China fell 3.9%.<\/p>\n\n\n\n<p>(Reporting by Orathai Sriring and Kitiphong Thaichareon; Editing by William Mallard and Jamie Freed)<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nov exports +4.9% y\/y vs +6.3% in Reuters poll Nov rice exports at 1 mln tons, +41.8% y\/y Exports seen up in December but down for full year Export growth seen at about 2% in 2024 &#8211; ministry Recasts, adds outlook, comment from official from paragraphs 3-8 BANGKOK, Dec 25 (Reuters)&nbsp;&#8211;&nbsp;Thailand&#8217;s exports in November rose [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[166,160,159],"class_list":["post-12700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-thai-rice","tag-rice-export","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thai November export growth misses forecast; 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