Thailand expects to export 10 million tonnes of rice in 2017
The Thai Rice Exporters Association forecast the country to export between 9.5 million and 10 million tonnes of rice in 2017, close to the figure achieved in 2016 of about 9.5 million tonnes.
Bangkok (VNA) – The Thai RiceExporters Association forecast the country to export between 9.5 million and 10million tonnes of rice in 2017, close to the figure achieved in 2016 of about9.5 million tonnes.
The association said the export couldbenefit from rising demand in some markets such as the Middle East. However,competition among exporters worldwide will be tougher. Meanwhile, rising oilprices and climate change impacts will affect the rice production and prices.
Thailand’s policy to scale down riceproduction and plantation and the government’s plan to sell out rice from its stockpilesare other factors that impact rice prices in the market. Rice contracts betweenThailand and other countries will also influence the volume and value of riceexport in 2017.
In December last year, Thailand wasestimated to ship abroad about 800,000 tonnes of rice. The price of Thai5-percent broken rice was about 370 USD per tonne, compared to 337 USD and 355USD per tonne of Vietnamese and Indian rice, respectively.-VNA
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Illustrative image (Source: AFP/VNA) 
