Thailand exports 3.4 million tonnes of rice in four months 2017
Thailand exported 3.4 million tonnes of rice in January-April, representing a year-on-year rise of 6.4 percent, the Department of Foreign Trade said on April 24.
Bangkok (VNA) – Thailand exported 3.4million tonnes of rice in January-April, representing a year-on-year rise of6.4 percent, the Department of Foreign Trade said on April 24.
Director-General of the department DuangpornRodphaya said rice export value stood at 51 billion THB (1.48 billion USD) invalue as of mid-April 2017.
She was confident that rice exports will hit thetarget of 10 million tonnes by the end of this year.
Additionally, the Thai government aims to sell17.7 million tonnes of rice from its stockpiles as quickly as possible to rakein 150 billion THB (4.36 billion USD).
In early March, the government approved the saleof one million tonnes out of the 2.87 million tonnes of rice offered at thefirst auction held in February. Thegovernment and the national rice policy and management commission decided toturn down low bids. They plan toconsider better prices for the remaining stock.-VNA
Thailand’s rice export prospects are brightening with shipments expected at 9.5 – 10 million tonnes next year, according to the Thai Rice Exporters Association.
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Thailand shipped about 5 million tonnes of rice abroad in the first half of 2016, a year on year increase of 12.1 percent, making it the world’s largest rice exporter.
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Illustrative image (Source: AFP/VNA)
