BANGKOK, 1 September 2014– Thai rice regained its number one position as a rice exporter in July after it had exported 941,000 tonnes of paddy worth of 14.4 billion baht.
Charoen Laothamatas, the president of the Thai Rice Exporters Association, has revealed that the July export figure was the highest level achieved since August 2011. Meanwhile, the price of 5% Thai white rice has plummeted to 441 dollars a ton which is a lower price than Vietnam’s rice quoted at between 445 and 455 dollars a ton.
The August export figure is predicted to come in at 900,000 tonnes since prices of Thai rice have decreased to a highly competitive rate, while the Thai government is negotiating with major export markets including China and Indonesia to release more of its stock. This year’s rice exports are thus anticipated be in line with the target of 10 million tonnes.
