World

Thai rice producers agree to cut output

Thai rice farmers, millers and exporters have agreed to the government's plan to cut rice production in the 2016-17 crop, according to the local website “Bangkokpost.com”.
Thai rice producers agree to cut output ảnh 1Illustrative image (Source: bangkokpost.com)

Bangkok (VNA) – Thai rice farmers, millers and exporters have agreed to the government's plan to cut rice production in the 2016-17 crop, according to the local website “Bangkokpost.com”.

After a meeting with the sector’s representatives on January 18, Commerce Permanent Secretary Chutima Bunyapraphasara said all parties have agreed to slash the output to 25 million tonnes of paddy or 16.5 million tonnes of milled rice in response to domestic and global demand.

Thailand usually produces 30 million tonnes of paddy or 19.8 million tonnes of milled rice. Half of which serves domestic consumption and the other for exports.

Chutima said paddy prices are expected to stay unchanged this year at 7,500 to 8,000 THB a tonne, while Thailand will export only 9 million tonnes, with 60-70 percent being newly harvested grain.-VNA

VNA
#rice farmers #rice production #local website #global demand #domestic consumption #Thailand Thailand
Follow VietnamPlus

Related News

See more

Emeritus Professor Hal Hill at Crawford School of Public Policy, Australian National University. (Photo: VNA)

Australian professor hails Vietnam’s important role in ASEAN

In a recent interview with the Vietnam News Agency (VNA)'s resident correspondents in Sydney, Hill underscored that the S-shaped country is the most dynamic economy in Southeast Asia in this century, particularly over the past 25 years, pointing to its seamless integration into global manufacturing networks.

President Ferdinand Marcos Jr. (Photo: PPA)

Philippine President revamps cabinet

President Marcos on March 22 called on all cabinet members to submit their resignations, paving the way for a "major government reset" aimed at better meeting public expectations following disappointing results in the recent midterm elections.

Senior officials from ASEAN member states convenes their first formal meeting within the framework of the 46th ASEAN Summit and related events on May 23. (Photo: asean.org)

Malaysia welcomes delegates to 46th ASEAN Summit

Speaking ahead of the event, Malaysian Prime Minister Anwar Ibrahim said the summit would focus on enhancing intra-ASEAN cooperation, boosting regional economic interests, and promoting investment initiatives.