BANGKOK, 12 May 2015 – The Thai government is expected to take actions to promote rice exports, after global demand declined during the first quarter of this year.
The Department of International Trade Promotion said that the oversupply of rice from India and Vietnam in the global market has reduced the price and market share of Thai rice.
Thailand has also been unable to grow more rice due to water shortages in many arable areas. The stronger baht has also affected the export of Thai rice, compared to neighboring nations.
Spokesperson for the Prime Minister’s Office Yongyut Maiyalap has encouraged rice producers to improve rice quality, given the demand for high quality grains both domestically and globally.
Many countries have continued to buy rice from Thailand, despite the sluggish global economy.
