Thailand loses top rice exporting status to India
Thailand has dropped to second place in rice export, losing the top position to India, said Chairman of Thailand Rice Exporters Association Charoen Laothammathat on January 27.
Thailand has dropped to second place in rice export, losing the top position to India (Source:todayonline.com)Thailand exported 9.8 million tonnes of rice in 2015, compared to 10.9 million tonnes of rice in 2014.
Meanwhile, India topped with 10.2 million tonnes and Vietnam ranked third with 6.4 million tonnes of rice for 2015.
Rice export was estimated to have earned 4.6 billion USD for Thailand in 2015, lower than 2014’s figure of 5.4 billion USD.
The kingdom is expected to ship about 9 million tonnes of rice in 2016, bringing home 4.3 billion USD .
Charoen said drought in many rice-farming areas and lower purchasing power from African countries in the context of the globe’s economic recession, are the main reasons for a reduction in the sector’s forecast for 2016.-VNA
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