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India emerges as cheaper alternative to rice from exporters like Thailand

India is providing customers with a cheaper alternative to rice from top exporters like Thailand. Rice became more expensive in Thailand after floods damaged last year’s crop and the government introduced a scheme to guarantee how much farmers are paid

Aishwarya Gupta

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rice paddy Thailand northen

Five months after lifting a ban on exports of cheaper varieties of rice, India has emerged as one of the world’s top rice exporters. That has helped stabilize prices around the world, even as the cost goes up in traditional exporting nations like Thailand. Scores of Indian rice traders have returned from a recent Grains Conference in Dubai after discussing lucrative deals. 

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Brisk business expected The head of the All India Rice Exporters Association, Vijay Setia, says business will be brisk in the coming months. “Feeling was bullish. Demand from Iran, Iraq and the entire Middle East was big. African customers were there because of good quality and the lower price,” said  Setia.

The reason: India is providing customers with a cheaper alternative to rice from top exporters like Thailand. Rice became more expensive in Thailand after floods damaged last year’s crop and the government introduced a scheme to guarantee how much farmers are paid. Read More

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Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

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On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

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The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.

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The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.

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Asia-Pacific sees 3.9% growth in deal activity in February 2021

Boris Sullivan

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Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

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