BANGKOK, 29 Nov 2013, Thailand will be able to export more rice during the remaining of this year, says the Department of Foreign Trade.
According to Director General of the department Surasak Riengkruea the higher rice export figure stems from the government’s efforts in clearing the stockpiled rice via G-2-G deals as well as selling it to domestic vendors. In addition, Thai rice has competitive prices comparing to that of other rice exporting countries.
Thailand has exported 5.6 million tons of rice, worth 114.7 billion baht, from the beginning of this year until November 20th, a decrease from last year’s figures of 6.2 tons or 131.3 billion baht.
The Director General, however, predicted that Thailand would be able to export 8.5 million tons of rice, worth 171.3 billion baht altogether, by year’s end. As for 2014, Mr. Surasak expected the industry to perform better, saying the country should be able to export at least 8 million tons, to the tune of 154 billion baht.
