Trade
Thailand should remain biggest rice exporter in 2011
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.
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 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.
Trade
How the COVID-19 situation may affect Thailand’s export sector
Thailand’s export sector could face damage of 200-300 billion baht if the situation cannot be brought under control within six months.
The Thai National Shippers’ Council has raised a concern that the export sector might face a 200-300 billion baht toll should the COVID-19 situation not be brought under control in six months, urging the government to speed up the vaccine rollout to all segments of the population.
(more…)Business
Pandemic drives sea freight prices to record high
The Covid-19 pandemic, which initially brought global shipping to a virtual standstill, did not bode well for the industry and led to “an unprecedented drop in demand”
Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high.
(more…)
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
The ASEAN-Russia Trade and Investment Cooperation Work Program
ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...