The Commerce Ministry projected Thailand’s volume of rice exports will reach 9-9.5 million tonnes this year, believing the country can retain its rank as the largest rice exporter in the world market, Commerce Minister Pornthiva Nakasai said on Friday.

Targeted high volume was attributed to more purchasing power from consumers in the world market, well-accepted quality of Thai rice among global trading partners and market expansion strategies to boost more rice exports as well as strategies to maintain major markets, Ms Pornthiva explained. These factors will enhance Thailand to remain the world’s leading rice exporter.

rice farmers Thailand
Rice exports in 2011 were expected to reach US$5.3-5.6 million, the minister said.

Meanwhile, rice prices in the world market in 2011 are projected to increase by five per cent compared to 2010 in line with market mechanism.

In 2011, the ministry will focus on additional exports of parboiled rice, accounting for 50 per cent of all exported rice, up 10 per cent from last year as the major market is mainly in Africa, which imported about 15-16 per cent of Thailand’s rice exports.

The ministry saw Thailand has potential to produce this parboiled rice which currently remains in low competition.

via Commerce Ministry confident Thailand to remain world’s top rice exporter in 2011.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Thailand’s FTA strategy to open up new markets

Thailand has been actively pursuing FTAs with various countries and regions, both bilaterally and multilaterally. As of July 2023, Thailand has signed 13 FTAs with 18 countries or regions, covering about 60% of its total trade value.

China Opens Faster Route for Importing Thai Durians

150,000 durians from Thailand were first transported by road to Laos, where they were then loaded on a train that traveled into China via the China-Laos Railway.

Thailand and China’s Yunnan province sign a mini-FTA

This marks the eighth mini-FTA that Thailand has established with various regions in China, Japan, India, and South Korea.