BANGKOK, 5th May 2018 (NNT) – Regarding Thailand’s rice exports, the Department of Foreign Trade has announced an increase in the target quantity to ten million tons, having become aware that importers of rice in many countries have a constant need for rice imports. During the first four months, more than 3.3 million tons of rice were exported, the highest quantity in the world.

From 1st January to 17th April 2018, Thailand could export the largest quantity of rice in the world, that is, more than 3.3 million tons, higher than rival countries like India, which exported 3.2 million tons, and Vietnam, which exported 1.6 million tons. While the prices of nearly all kinds of exported Thai rice increased in April 2018, the price of Thai Jasmine rice was the highest at 1,150 USD per ton.

Mr. Adul Chotinisakorn, director-general of the Department of Foreign Trade, recently stated that the rice exports of Thailand are likely to increase this year because many countries constantly need to import rice.

Moreover, the Commercial Ministry plans to organize marketing activities to publicize Thai rice, such as roadshows in the rice markets of major business partner countries, such as Indonesia, Malaysia, and France.

Participation in domestic and foreign trade fairs is also one of the plans. Therefore, the target quantity of Thai rice to be exported has been increased to 10 million tons, which amounts to more than 4.5 million USD or 158 billion baht, the former quantity being 9.5 million tons.

As for the rice that still remains in the government’s stock, which is more than two million tons, the release will start with rice suitable for general consumption, which is 4.4 thousand tons. The auction conditions will be declared on 7th May and the auction price bids can be made from 18th May onward.

National News Bureau Of Thailand | Thailand exports more than 3 million tons of rice in first four months