Thailand’s rice exports rise sharply in nine months
Thailand earned 95.23 billion baht (2.54 billion USD) from exporting 5.41 million tonnes of rice in the first nine months of this year, up 40% in volume and 36% in value from the same period last year, according to the Ministry of Commerce.
Bangkok (VNA) - Thailand earned 95.23billion baht (2.54 billion USD) from exporting 5.41 million tonnes of rice inthe first nine months of this year, up 40% in volume and 36% in value from thesame period last year, according to the Ministry of Commerce.
Iraq became the biggest buyer of Thai ricein the reviewed period, importing 15.4 billion baht worth of the product.
Other big export markets for Thai rice inthe first nine months were the US, South Africa, China and Hong Kong (China).
Thailand is now the world’s second-largestrice exporter after India.
The Rice Exporters Association of Thailandforecasts the country will ship 7-8 million tonnes of rice this year as theweakening baht boosts competitiveness over India and Vietnam.
In the framework of the 14th World RiceConference hosted by Phuket on November 15-17, Thailand’s foreign tradeagencies will introduce the country’s rice export potential./.
Thailand’s Minister of Commerce Jurin Laksanawisit has expressed confidence that the country’s exports could expand by up to 8% this year after robust growth in the first nine months.
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The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
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Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
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Illustrative photo (Photo: AFP/VNA) 
