Tue, November 30, 2021

business

Cabinet okays proposal to cut export tariff on Thai rice


The Cabinet agreed on Tuesday to reduce export tariff for rice heading to Europe and the United Kingdom in a bid to boost the competitiveness of Thai rice in the world market.

Deputy government spokesperson Ratchada Thanadirek said the Commerce Ministry had proposed the reduction on tariff based on agreements between Thailand and the European Union as well as UK.

Thai rice has recently been losing out in the global market to newly developed strains of rice offered by other countries, but reduced export tariff will make it more competitive.

Under the new regulations, the export price of white fragrant rice and 100-per-cent parboiled rice will come down to THB1,500 per tonne from THB2,500, while for the UK, it will go down to THB1,200 per tonne.

Published : April 27, 2021

By : The Nation