Lower rice exports anticipated
The Thai Rice Exporters Association expects a decrease in the volume of rice exports this year.
Charoen Laothamatas, president of the association, said that the volume could fall to 9 million tonnes this year, a decrease of 8 per cent from last year. The exports are expected to generate US$4.3 billion, or $439 per tonne on average.
In 2015, export volume also dropped by 10.7 per cent to 9.8 million tonnes. In the year, Thailand was the world's second largest rice exporter, following India which exported 10.23 million tonnes. Vietnam's rice exports hit 6.6 million tonnes.
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