World

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
Follow VietnamPlus

Related News

Thailand to send durian into orbit

Thailand to send durian into orbit

Thailand’s space research agency has announced its plan to send durian to space by July, as part of a project to produce Thai food to serve future space travel, according to BBC.
Thailand to include sex education in national test

Thailand to include sex education in national test

Thailand’s Ministry of Education will include a test on sex education and life skills in the Ordinary National Educational Test from this year onwards as part of efforts to prevent teenage pregnancy.
Thailand’s economy forecast to grow 4 percent in Q2

Thailand’s economy forecast to grow 4 percent in Q2

Thailand’s economy is expected to expand 4 percent in the second quarter of 2018 driven by personal consumption, public spending and increasing exports, said the Fiscal Policy Office (FPO) under the Ministry of Finance.

See more

Former Indonesian President Joko Widodo and his successor Prabowo Subianto inspect the progress of the new capital project Nusantara on Aug. 12, 2024. (Photo: Jakarta Globe)

Indonesia approves budget for new capital’s next development phase

The Indonesian government has allocated 48.8 trillion IDR (2.99 billion USD) for the second phase of developing Nusantara, Indonesia's new capital, for the 2025-2029 period. This represents a notable decrease from the 89 trillion IDR set aside for the first phase in 2022-2024.

In the past four elections, the time between the committee’s formation and polling day has ranged from four to 11 months. (Photo: Straits Times)

Singapore prepares for general election

A committee reviewing Singapore’s electoral boundaries was established by Prime Minister Lawrence Wong, the Elections Department (ELD) said on January 22.

Head of the National Narcotics Agency of Indonesia (BNN) Marthinus Hukom (Photo: antaranews.com)

Indonesia prioritises drugs combat

Head of the National Narcotics Agency of Indonesia (BNN) Marthinus Hukom stated on January 22 that Prabowo Subianto is the first President to make drugs combat one of the country’s priority programmes, as outlined in the Asta Cita mission.

Officers measure emissions from a pickup truck at a checkpoint set up in front of Chatuchak Park on Phahon Yothin Road in Bangkok in January 2024. (Photo: Bangkokpost)

Thai cabinet approves carbon tax to curb emissions

The Thai cabinet approved a carbon tax of 200 THB (5.9 USD) per tonne of carbon emissions on January 21, as part of the country’s strategy to reduce greenhouse gas emissions, according to Deputy Finance Minister Paopoom Rojanasakul.

Illustrative image (Photo: Nation Thailand)

Thailand's births fall below 500,000 for first time in nearly 80 years

Thailand's population has declined by 100,000 in 2024 to 65.95 million, marking a historic demographic shift as annual births fell below 500,000 for the first time since 1949, despite the government's efforts to promote childbearing through the Having Children for the Nation campaign.

Tourists in Bangkok, Thailand (Photo: VNA)

Thai council urges ASEAN unity in US trade talks

The National Economic and Social Development Council (NESDC) of Thailand has recommended that Thailand collaborate with other ASEAN nations to negotiate trade agreements with the US to avoid high import tariffs and penalties.

Coordinating Minister for Economic Affairs, Airlangga Hartarto, recently issues a statement in Jakarta. (Photo: Antara)

Indonesia welcomes WTO ruling on EU curbs on palm oil biofuel

Indonesia has welcomed a recent ruling by the World Trade Organisation (WTO), which found that the European Union (EU) discriminated against Indonesian palm oil-based biofuel, giving it unfair and detrimental treatment, in setting biofuel regulations, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.

Indonesia launches 37 energy projects (Photo: Tempo.co)

Indonesia launches 37 energy projects

Indonesian President Prabowo Subianto kicked off 37 strategic projects related to the construction of power plants on January 20 as the country is on track to achieve energy self-sufficiency.

Logo of the Asean National Police (ASEANAPOL) (Photo: ASEANAPOL)

ASEANAPOL enhances crackdown on scam call centres

The Asean National Police (ASEANAPOL) will prioritise the elimination of scam call centres linked to trafficking in persons and forced criminal activities as part of its regional action plan this year, Director for Plans and Programmes of the ASEANAPOL Secretariat Police Senior Lieutenant-Colonel Nguyen Huu Ngoc has said.