Rice exports down in first 11 months
published : 30 Dec 2015 at 14:51
writer: Online Reporters
Thai rice exports to the end of November this year were down 9.6% year-on-year to 8.6 million tonnes and the value down by 10.2% to US$4.1 billion, the Thai Rice Exporters Association said.
The association expected Thailand would export about 1 million tonnes of rice in December, lifting the total for the year to about 9.6 million tonnes, Thai media reported.
The association said foreign customers continued to order new and old rice, with continued demand for new rice for the Chinese New Year festival.
Exporters were delivering rice to China, Indonesia and the Philippines under government-to-government deals.
The association also said Thai rice should become more competitive because the huge supply had cut prices and the baht was weaker.