Global demand for Thai rice remains high
Thailand has exported 5.5 million tonnes of rice during the first five months of this year and is expected to reach its export target of 11 million tonnes by the end of the year.
Thai rice - Illustrative photo (Photo: NNT/VNA)Bangkok (VNA/NNT) - Thailand has exported
5.5 million tonnes of rice during the first five months of this year and is expected to reach
its export target of 11 million tonnes by the end of the year.
Thailand continues to be a major rice seller in the global
market, with around 5.5 million tonnes of rice already exported during the first
five months of 2017. If the trend continues, the amount of rice exported this
year will reach up to 11 million tonnes, or 10 million THB worth of rice,
breaking the previous record of 10.8 million tonnes in 2014.
[Thailand - biggest food exporter in ASEAN]
[Thailand - biggest food exporter in ASEAN]
Factors, including overseas demand and declining global rice
supplies, have led to an increase in rice export volumes from Thailand.
Thailand's National Rice Policy Committee is set to convene a
meeting on June 26, where the Ministry of Commerce will propose a plan to release
the remaining rice in government stockpiles from July to August. It is hoped
that by the end of September, all stockpiled rice will be released.-VNA/NNT
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