Thailand leads world in rice export in Q1

Thailand was the world's rice top exporter in the January to March period with 2.78 million tonnes shipped abroad, up 3.1 percent year-on-year, according to the Thai Rice Exporters Association.
Thailand leads world in rice export in Q1 ảnh 1A rice warehouse in Bangkok (Source: bangkokpost.com)

Bangkok (VNA) - Thailand was the world's rice top exporter in theJanuary to March period with 2.78 million tonnes shipped abroad, earning 44.09billion THB, up 3.1 percent in volume and 9.5 percent in value year-on-year, accordingto the Thai Rice Exporters Association.

It was followed by India with 2.59 million tonnes (down 20.8 percent)and Pakistan with 1.2 million tonnes (up 38.9 percent).

The association reported rice shipments dropped 9 percent in March to864,938 tonnes, worth 13.78 billion THB, down 7.6 percent from the same monthlast year. The drop was largely due to lower purchase orders on relatively highrice prices.

The National Rice Policy Committee of Thailand, chaired by PrimeMinister Prayut Chan-o-cha, has recently approved a mechanism to build ricebarns in a bid to stabilise rice price and facilitate rice export.

Under the scheme, credit worth about 1.67 billion THB (55 million USD) willbe allocated to support farmers and agricultural institutes to build rice barnsto store rice, delaying sales to stabilise the price.

It targets 10,000 borrowers, while the government will help subsidisethree percent of the annual interest rate.-VNA

VNA

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