We believe Thai rice prices have bottomed out and should pick up after now being quoted at only $360-$365 a tonne, the lowest in 10 years," Mr Charoen said.
Thai rice prices averaged $471 per tonne last year.
Chookiat Ophaswongse, an honorary president of the association, said white rice was expected to account for 4.9 million tonnes of this year's exports, down from 5.26 million in 2015.