Thailand will be able to export more rice during the remaining monthof this year, says the Thai Department of Foreign Trade.
According to the department’s Director General Surasak Riengkruea, thehigher rice export figure stems from the government's efforts inclearing the stockpiled rice via G-2-G deals as well as selling it todomestic vendors. In addition, Thai rice has competitive pricescomparing to that of other rice exporting countries.
ByNovember 20, Thailand had exported 5.6 million tonnes of rice, worth114.7 billion THB, representing decreases from last year's figures of6.2 tonnes and 131.3 billion THB.
The DirectorGeneral, however, predicted that Thailand will be able to export 8.5million tonnes of rice, worth 171.3 billion THB altogether, by theyear's end. As for 2014, he expected the industry to perform better,saying the country is likely to earn 154 billion THB from shipping atleast 8 million tonnes of rice next year.-VNA