Rice exports down in first 11 months

Rice exports down in first 11 months

Thai rice exports were down about 10% by volume and value year-on-year in the first 11 months of 2015. (Photo by Pattanapong Hirunard)
Thai rice exports were down about 10% by volume and value year-on-year in the first 11 months of 2015. (Photo by Pattanapong Hirunard)

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.


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