Thailand will boost its export of rice in December to raise the year’s total export volume to 8.5 million tonnes for a value of 171.3 billion baht (5.32 billion USD), said the Thai Department of Foreign Trade.
Thailand will boost its export of rice in December to raise the year’stotal export volume to 8.5 million tonnes for a value of 171.3 billionbaht (5.32 billion USD), said the Thai Department of Foreign Trade.
By November 20, the country sold 5.6 million tonnes of rice abroad for114.7 billion baht (3.56 billion USD), lower than last year'srespective figures of 6.2 million tonnes and 131.3 billion baht (4.07billion USD).
According to the Department’s Director GeneralSurasak Riengkruea, the surge in rice export volume was attributed tothe government's efforts in clearing the stockpiled rice via G-2-G dealsas well as selling it to domestic vendors. In addition, Thai riceprices are more competitive than those offered by other rice exportingcountries.
The nation is estimated to earn 154 billion baht(4.78 billion USD) from shipping abroad at least 8 million tonnes ofrice in 2014, said the Thai official.-VNA
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