Rice exports: Fall from 1st to 3rd | Bangkok Post: learning

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Thailand's fall from 1st place in world rice exports shortlived say govt officials, Vietnam has drought & India delivery problems.

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RICE EXPORTS

Thailand slips down to 3rd spot

25/10/2012

Thailand's rice exports have now slipped to third place, behind Vietnam and India, but officials insist they are confident in the country's ability to retain its role as the world's biggest rice seller.

In the year to date, Thailand has fallen to third place among the world's top rice exporting countries, exporting 5.2 million tonnes of rice compared to Vietnam's 5.9 million tonnes and India's 5.6 million tonnes, said Tikhumporn Natvaratat, deputy director-general of the Foreign Trade Department.

Exporters have blamed the government's rice pledging scheme for a sharp drop in exports by 47% this year. But Mr Tikhumporn said Thai rice is being sold at higher prices than in the past, earning US$3.5 billion (108 billion baht) for its 5.2 million tonnes, while Vietnam received $4.45 billion and India fetched $2.99 billion.

He expects rice exports this year to reach 7.5 million tonnes, down from last year's 10.6 million tonnes.

The government has shipped out about 1.3-1.4 million tonnes of rice under government-to-government contracts, with exporters reporting sales of about 3.9 million tonnes as of Oct 18. Despite the decline in volume, Mr Tikhumporn said the country will continue to lead the market because India might experience a slowdown due to delivery problems while Vietnam is facing drought.

(Source: Bangkok Post, RICE EXPORTS, Thailand slips down to 3rd spot, 25/10/2012, link)


Rice Industry Vocabulary

spot - a place or position (in a competition or race, for example)
3rd spot - 3rd place อันดับที่ 3, อันดับทีสาม

slip - 1. slip down; fall to a lower level; 2. move quickly (example: his shoes slipped on the wet road and he fell)  ลื่น, ลื่นไถล, ไถล

third place - in the 3rd position in a race or competition (behnd #1 and #2) )
slipped to third place

insist - to say very firmly that something must happen or must be done or is true  ยืนกราน ยืนยัน

confident - being certain of your abilities or of having trust in people, plans, or the future มั่นใจ
confident in the country's ability

retain - to keep something, not lose it  maintain, hold เก็บไว้,  รักษาไว้, สงวนไว้

role - the position or purpose that someone or something has in a situation, organisation, society or relationship บทบาท
retain its role as the world's biggest rice seller

the year to date - from the beginning of the year to now (a period of time)

deputy - a person who is given the power to do something instead of another person, or the person whose rank is immediately below that of the leader of an organisation รอง, ตัวแทน,ผู้รักษาการแทน

deputy director-general of the Foreign Trade Department.

scheme - a plan that is developed by a government or large organisation in order to provide a particular service for people แผนการ โครงการ
the government's rice pledging scheme

sharp - 1. a sudden and large change; 2. strong ที่รุนแรง
a sharp drop in exports

ship - send goods from one place to another place by ship, truck, etc ส่งของ
shipped out about 1.3-1.4 million tonnes of rice

contract - an agreement between two people or companies to do something in the future (either in writing or spoken) การสัญญา
government-to-government contracts

volume - the quantity or amount of something ปริมาณ
decline - a decrease or reduction; a deterioration or worsening of situation การเสื่อม การสูญเสียสภาพนั้นไป
decline in volume

drought - a period of time when there is very little rain or water in an area ความแห้งแล้ง (See Wikipedia)
Vietnam is facing drought

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