Thailand has won a trade deal for the export of 324,000 tonnes of rice to the Philippines. (Photo: AFP/VNA)
Bangkok (NNT/VNA) - Thailand has won a trade deal for the exportof 324,000 tonnes of rice to the Philippines.
Department of Foreign Trade (DFT) Director-General Adul Chotinisakorn saidThailand has won the auction to export 80,000 tonnes of 25 percent white rice tothe Philippines' National Food Authority, with shipment scheduled for December2018.
Meanwhile, two exporters have also won auctions to export another 144,000 tonsof the 25 percent white rice to the Philippines, which are to be shipped inDecember 2018 and January 2019.
Those deals have accounted for a combined 324,000 tons of rice which willimprove the domestic rice prices and generate more incomes to farmers.
Thailand has so far this year exported 9.89 tonnes of rice worth 161.38 billionbaht, marking a 4.52 percent growth year on year. The DFT is anticipating some11 million tons of rice for export, given new purchase orders, especially fromAfrican countries. – NNT/VNA
The National Rice Policy Committee of Thailand, chaired by Prime Minister Prayut Chan-o-cha, has recently approved a mechanism to build rice barns in a bid to stabilise rice price and facilitate rice export.
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 is expected to export 11 million tonnes of rice this year, much higher than the figure of 9.5 million tonnes earlier forecast by the Thai Rice Exporters Association (TREA), said a government official on August 13.
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Thailand has won a trade deal for the export of 324,000 tonnes of rice to the Philippines. (Photo: AFP/VNA) 
