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.
Bangkok (VNA) – Thailand shipped about 5 million tonnes ofꦓ 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.
Charoen Laothammatas, President of the Thai Rice Exporters Association, expected Thailand would remain its leading position until the year-end with the total export of 9.5 million tonnes of rice.
Thailand rice export was higher in volume than that of India, Vietnam and Pakistan which exported 4.7 million tonnes, 2.66 million tonnes, and 2.44 million tonnes, respectively, he said.
Charoen also expressed his concern that fierce rivalry from its competitors, a reduction in purchase volume from buyers and the rising baht would affect its position in the global market.
He urged for support from the government for farmers to ease impacts of declining rice prices but was against any price intervention.
He suggested that the government could offer a state subsidy of 2,000 THB, or 57.2 USD, for each rai (0.16 hectare) if a farmer grows less than 20 rai of rice area.-VNA
The Thai Government is expecting a rise in rice export in the second half of this year to fulfil its export target of 9.5 million tonnes for the whole year.
Vietnam’s rice export is estimated to drop to 5.65 million tonnes in 2016, down 14 percent against the previous year and 800,000 tonnes lower than initial forecast.
ietnam exported 2.93 million tonnes of rice with a value of 1.32 billion USD in the first seven months of the year, a year-on-year plunge of 18.4 percent in volume and 14.4 percent in value.
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Thailand regains world’s No1 rice exporter ranking. (Photo: AFP/VNA)
