JASMINE PRICE TO RISE
The Thai Rice Exporters Association has forecast that the Jasmine rice price will increase to US$1,300 per tonne from $1,250 per tonne, thanks to strong demand in the global market, said president Charoen Laothammatas after celebrations for the association’s 100th annivesary yesterday.
“We are confident that total Thai rice exports this year will be higher than 10 million tonnes, given exports in the first five months reached 4.21 million tonnes or an increase of 6.2 per cent from the same period last year,” he said.
Thai ranked second in global rice exports in the first five months, following India which exported 4.77 million tonnes during the period, up 4.6 per cent from the same period last year. Vietnam ranked third with export volume of 2.52 million tonnes in the first five months, a rise of 16 per cent from the same period last year.
