Indian Exports Likely to Dip Thai Sales

India's easing of curbs on exports of premium rice to allow shipments of an estimated 1 million MT of the staple is expected to soothe supply concerns in the market and crimp sales from Thailand, the world's top exporter, by 15 % next year.

The premium Pusa-1121 grade was being considered for classification as a basmati variety, which in India is cultivated mainly for export and can be sold freely overseas as it does not affect politically sensitive supplies for millions of poor consumers.

Exporters in Thailand said the country's exports in the last quarter of this year may tumble after India steps into the market with additional supplies. But a government intervention scheme would protect sales in the short term.