TRADE
UTCC: Rice exports set for another ugly year
- Published: 9 Jan 2013 at 00.00
- Newspaper section: Business
Thai rice exports will likely remain under pressure this year, exacerbated by the stronger baht and higher costs as a result of increased wages.
In 2012, Thai rice failed to compete with supplies from Myanmar and Cambodia as those countries sought to ramp up exports, said Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce (UTCC).
Overall Thai exports are forecast for single-digit growth this year, given the fragile economic recovery in the US, the EU and Japan.
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