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Thailand raises 2018 rice export target to 10 million tonnes

The Thai Rice Exporters Association (TREA) has revised its 2018 rice export target to 10 million tonnes from the previous forecast of 9.5 million tonnes, after exports of the grain for the first four months of this year performed better than expected.
Thailand raises 2018 rice export target to 10 million tonnes ảnh 1Thailand has revised its 2018 rice export target to 10 million tonnes from the previous forecast of 9.5 million tonnes. (Photo: bangkokpost.com)

Bangkok (VNA) - The Thai RiceExporters Association (TREA) has revised its 2018 rice export target to 10million tonnes from the previous forecast of 9.5 million tonnes, after exportsof the grain for the first four months of this year performed better than expected.

During the January-April period,Thailand exported 3.31 million tonnes of rice, up 38 percent from a yearearlier and outpacing other big rice exporters like India, which shipped 3.21million tonnes; Vietnam, 1.61 million tonnes; and Pakistan, 1.28 million tonnes.

TREA President Charoen Laothamatas said,during the first quarter of this year, Thai rice exports rose more thanexpected as demand in several importing countries increased.

With orders coming from African and Asiannations, Thailand is expected to fulfill the export target of 10 million tonnesof rice this year, he stressed.

The association's upward revision matchedthe Thai Ministry of Commerce’s latest  forecast of 10 million tonnes worth of riceexports for 2018.

The Ministry of Commerce also attributedthe rise in exports to strong demand, particularly in Southeast Asia andAfrica.

The Philippines' National Food Authorityrecently bought 250,000 tonnes of rice, including 120,000 tonnes from Thaiexporters. Moreover, private Thai exporters were able to sell 200,000 tonnesof rice to Indonesia. The Philippines and Indonesia both requested prompt shipments.

Last year,Thailand exported a record 11.6 million tonnes of milled rice, up 17.4 percentyear-on-year, fetching 174.5 billion baht, up 12.8 percent. The top fiveimporters of Thai rice were Benin, China, South Africa, Cameroon and the US.-VNA
VNA
#Thai Rice Exporters Association (TREA) #2018 rice export target #10 million tonnes #strong demand #outpacing other big rice exporters #Vietnam News Agency #Vietnamplus Thailand
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