A rice factory in Bangkok, Thailand (Photo: AFP/VNA) Hanoi (VNA) – Thailand reached its rice export target by shipping 11.13 million tonnes worth 5.62 billion USD abroad in 2018, according to the country’s Ministry of Commerce.
The Thai government forecast rice exports will drop slightly to 10 million tonnes this year.
The ministry’s Foreign Trade Department said it will strive to increase export value and encourage farmers to grow quality and in demand varieties.
It noted that the global economic slowdown could affect purchasing power, which could make cheaper rice from other countries more attractive.
However, Director General of the Foreign Trade Department Adul Chotinisakorn said he believes the quality and price of Thai rice will allow it to remain competitive in global markets.
He added his department will launch marketing campaigns in major Asian markets in 2019, particularly Hong Kong (China), Singapore, China, the Philippines and Indonesia.-VNA
VNA
