Thailand to reclaim top rice exporter spot
July 22, 2014 00:00:00
MUMBAI/BANGKOK, July 21 (Reuters): Thailand is set to reclaim its status as the world's top rice exporter as weak monsoon rains curb India's crop, helping the Southeast Asian country's new military government offload bulging stockpiles.
Fewer Indian exports would allow Bangkok to win better prices for the grain that it has been selling at a huge discount, curbing losses on the stocks built up under a costly state intervention scheme.
