G2G rice deal with Indonesia to ensure export target of 10m tonnes met
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Thailand has recently won a government-to-government contract for the sale of 500,000 tonnes of rice to Indonesia, ensuring that the Kingdom should be able to ship some 10 million tonnes globally this year.
Commerce Minister Apiradi Tantraporn Friday said the G2G rice deal should generate income of Bt8 billion, while helping to ensure that market prices during the current harvest season do not fall significantly, to the detriment of farmers.
“With rising drought concerns, Thailand should be able to export the targeted level of 10 million tonnes of rice this year, of which about 1.15 million tonnes will be from the government’s stocks. For next year, we should again be able to ship at least 10 million tonnes, due to forecasts of strong demand in the market,” she said.
