Thailand sees opportunities to boost rice exports to EU
Thailand’s premium rice products are having better chances for export to the EU after the bloc allowed zero-tariff rice imports of 24,883 tonnes for October.
Bangkok (VNA) – Thailand’s premium rice productsare having better chances for export to the EU after the bloc allowedzero-tariff rice imports of 24,883 tonnes for October.
According to Keerati Rushchano, director-general ofThailand’s Foreign Trade Department, the European Commission has recently announcedthat the remaining annual quota for rice (white rice, Thai hom mali rice, Thaifragrant rice and 100 percent parboiled rice) would have zero tariffs thismonth for up to 24,883 tonnes.
The EU has set annual rice import quota for 2020 at 630,000tonnes.
The zero import tariff is a good opportunity for Thai riceexporters to raise their exports to the market, said Keerati. The EU normallycollects an import tariff of 145 EUR per tonne.
The bloc has required importers to apply for import licenceswithin the first 10 working days of October.
In the first eight months of 2020, Thailand exported 146,362tonnes of rice worth 140 million USD to the EU.
Charoen Laothammatas, president of the Thai Rice ExportersAssociation, said local rice exports to the EU are likely to drop from 2019because of the COVID-19 impact, which weakened rice demand at restaurants andhotels./.
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Illustrative photo (Source: Bangkok Post) 
