High cost to pull down Thailand's rice exports in next decade: UTCC
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Thailand's share in the international rice market will drop further in the next 10 years if the plantation system is not altered to lower the production cost, said an academic of the University of Thai Chamber of Commerce.
UTCC's Foreign Trade Study Department Director Att Pisanwanich estimated that at the current cost, the annualised export value would drop by Bt8.7 billion in the next decade.
UTCC's study showed that during 2004-2013, Thailand's rice export value dropped sharply from Bt94 billion per annum during 2004-2008 to Bt56 billion per annum during 2009-2013.
The Nation
