Thailand likely to export 9.5 million tonnes of rice this year
President of the Rice Exporters Association of Thailand Charoen Laothammatas expects that the association will be able to export around 9.5 million tons of rice this year.
President of the Rice Exporters Association of Thailand Charoen Laothammatas expects that the association will be able to export around 9.5 million tonnes of rice this year (Photo: www.thaivisa.com)
Bangkok (NNT/VNA) - President of the Rice Exporters Association of Thailand Charoen Laothammatasexpects that the association will be able to export around 9.5 million tonnes ofrice this year.
Laothammatas said 9.5 million tonnes is an appropriate quantity from thecountry’s 30-million-rice production in 2018.
As for this year’s jasmine riceproduction, the president said it decreased more than the normal level due torain and flooding. Rice farmers turned to other crops instead of rice,resulting in the lower production, he added.
Laothammatas therefore forecast that the price of jasmine rice will be stableat 1,100 - 1,150 USD per ton until rice in the new season is harvested. Despitethe baht's appreciation, the Thai rice price won't be lower than last yearsince old stock has been sold out, he said.-VNA
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President of the Rice Exporters Association of Thailand Charoen Laothammatas expects that the association will be able to export around 9.5 million tonnes of rice this year (Photo: www.thaivisa.com) 
