Thailand misses rice export target

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Thai-rice-exportsThailand has fallen significantly short of reaching its rice export target of 8 to 8.5 million tonnes in 2013, with just 6.4 million tonnes shipped abroad from January to December last year.

Surasak Riangkrul, director general of the Foreign Trade Department of the Thai Ministry of Commerce, admitted that rice exports were lower than projected at a value of $4.208 billion or an average $657 per tonne.

The total export volume fell short due to the high price of Thai rice compared to competitors and fierce competition in the global market, he said.

The ministry has projected rice exports for 2014 at no less than eight million tonnes. The foreign trade department department said it will propose a new rice marketing plan to the next government before pushing forward with rice sales in the global market.

It wants to penetrate present and new markets especially in South Africa, Russia and several more potential countries and hopes to achieve a rice export growth of 19.8 per cent, or a total value of $4.8 billion, in 2014.

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Reading Time: 1 minute

Thailand has fallen significantly short of reaching its rice export target of 8 to 8.5 million tonnes in 2013, with just 6.4 million tonnes shipped abroad from January to December last year.

Reading Time: 1 minute

Thai-rice-exportsThailand has fallen significantly short of reaching its rice export target of 8 to 8.5 million tonnes in 2013, with just 6.4 million tonnes shipped abroad from January to December last year.

Surasak Riangkrul, director general of the Foreign Trade Department of the Thai Ministry of Commerce, admitted that rice exports were lower than projected at a value of $4.208 billion or an average $657 per tonne.

The total export volume fell short due to the high price of Thai rice compared to competitors and fierce competition in the global market, he said.

The ministry has projected rice exports for 2014 at no less than eight million tonnes. The foreign trade department department said it will propose a new rice marketing plan to the next government before pushing forward with rice sales in the global market.

It wants to penetrate present and new markets especially in South Africa, Russia and several more potential countries and hopes to achieve a rice export growth of 19.8 per cent, or a total value of $4.8 billion, in 2014.

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