Thai rice exports for January–September 2026 were 4.99 million tonnes, down 19.26%, worth about 94,912 million baht (down 16.84%). Indian and Pakistani supply is pressuring prices, and Iraq shipments fell on Middle East tensions and higher freight costs. The Philippines and Malaysia are buying more Thai rice, partly offsetting Iraq. The Commerce Ministry plans to push Philippine import-permit extensions and meet buyers in Japan and South Africa in early 2027. The 2027 export target is tentatively 7 million tonnes, with a review in late 2026. For rice-linked SMEs, expect weak export volumes and price competition. Watch Philippine and Malaysian demand for new-crop rice.