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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

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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. 

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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Business

Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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