BANGKOK, Jan. 10 (Xinhua) — Thailand is expected to have some 9.5 million tons of rice for export this year, a senior government official said.
The 9.5 million tons of the Thai rice will bring some 4.7 billion U.S. dollars in export value thoughout 2018, according to acting Foreign Trade Department director general Adul Chotinisakorn.
That compared to last year’s 11.48 million tons of the Thai rice which secured 5.1 billion U.S. dollars in export value, the acting department chief said. However, Thailand has remained the world’s largest exporter of Hom Mali (fragrant jasmine) quality rice, he said.
The forecast drop in the export volume of the Thai rice would apparently result from unfavorable weather conditions and the government’s policy to cut down the overall producing volume for fear of oversupply to the world market.
Thailand’s rice exports hampered by strong baht
Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market (Photo: Bangkok Post)
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Thai rice exporters cut target to 9 million tons
BANGKOK, 25th July 2019 (NNT) – The problem of the baht’s appreciation by five percent since the beginning of the year has affected the export of Thai products especially the price of rice which is higher than that of the country’s rivals. In the first half of this year, Thailand exported 4.36 million tons of rice, down by 19 percent year-on-year.(more…)
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