Thailand ’s Minister of Commerce Boonsong Teriyapirom was firm in
stating that Thailand would not lose its place as the world’s number
one exporter of rice.
This assertion comes in the
face of concern over the increasing prices of Thai rice. It is believed
these rising prices may cause trade partners to import more rice from
Vietnam and India . Thai rice, however, is of high quality and can
be sold at a premium price, thus mitigating the fact that export numbers
The price of Thai rice for export was
increased by 100 USD than that during the same time period last year,
reaching 670 per USD per tonne. The minister of commerce is certain that
export volume will rise in the latter half of the year. Export numbers
have been affected by the Eurozone debt crisis, but rice is still a food
staple, and has seen less of an impact.
In the past five months, Thailand has already exported 3.17 million tonnes of rice, worth over USD 2 billion.-VNA