THAILAND SET TO RECLAIM TOP RICE EXPORTER TITLE
Thailand this year is certain to reclaim its crown as the world’s largest rice exporter, with volume reaching 10.7 million tonnes, valued at US$5.2 billion (Bt170 billion).
The expected comeback will result from the end of excessive prices under the previous rice pledging scheme, and huge rice stocks on hand.
With continued high-end stocks, and anticipated lower rice production in the world market next year, the Kingdom is expected to ship up to 10.5 million tonnes in 2015.
In 2013, Thailand lost its position as the world’s leading rice exporter, with a total of 6.9 million tonnes in shipments.
According to the Thai Rice Exporters Association, as of December 9 this year, the volume of rice shipments had reached 10.27 million tonnes, growing by a significant 66 per cent year on year.
The Foreign Trade Department also reported that rice shipments in the first 11 months reached 9.8 million tonnes, a 66-per-cent surge, while export value reached Bt156.43 billion, rising by 29.5 per cent. In terms of US dollars, export value rose 21.7 per cent to $4.87 billion.
About 1.06 million tonnes was exported under government-to-government or government-to-private contracts.
For links to the rest of this article and other articles that may be of interest, please download our full newsletter and consider subscribing for all of our content delivered directly to your email!
[dcs_link icon=”download”
url=”http://www.commercethaiusa.org/oca/wp-content/uploads/ENewsletters/OCANewsletterDec14.pdf”]Please download the full newsletter here[/dcs_link].