Wednesday, June 16, 2021

business

Thai rice exports to hit lowest level in two decades


President of the association, Charoen Laothamatas, said it would be the first time that Thai exports would be lower than that of Vietnam, which is expected to export a total of 6 million tonnes.

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Thai rice export has faced many obstacles, including higher price when compared to competitors.

The situation has been aggravated by the strengtening baht, he added.

Honorary president Chookiat Ophaswongse added that the value of the estimated 5.7 million tonnes of rice export this year would be Bt115 billion, down 12 per cent year on year.

Another reason for the low export is the shortage of containers for transporting rice, he added.

Published : December 20, 2020

By : The Nation