Thai rice exporters have recently called on the government to curb the rise of baht to protect export, after the currency hit four-year high in late 2017.
Bangkok (VNA) – Thai rice exporters haverecently called on the government to curb the rise of baht to protect export,after the currency hit four-year high in late 2017.
Chairman of the Thai Rice Exporters’ Association CharoenLaothamatas said the stronger baht makes the price of Thai rice unattractivelyhigh compared with the prices of competitors such as Vietnam.
The association also warned that Thailand could lose Africamarket because it bought stockpiled rice in mass from the Thai government, butthe supply has run out while new crops are expensive, making it hard forconsumption here.
Thailand’s baht stood at 31.35 per USD, a record sinceNovember 2013. In January 2018, it rose nearly 4 percent after a 9 percentincrease in 2017.-VNA
The Thai Rice Exporters Association has revealed that the price of Thai rice has reached 425 USD per tonne, due to the decreasing supply of rice on the global market.
The Thai Government needs to find the right markets for organic rice before encouraging farmers to increase the cultivating area from 300,000 rai (48,000 hectares) to 1 million rai in 2019, said President of the Thai Rice Exporters Association Charoen Leothamatas.
The Thai Rice Exporters Association has expressed concern that the strong baht is likely to curb rice exports in 2018, Thai media reported on December 12.
The Thai Rice Exporters Association revealed that rice exports reached a record high last year with most of the demand coming from Benin in West Africa.
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Illustrative image (Source: nationmultimedia.com) 
