Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
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Thailand retains world champion of rice exports
BANGKOK, April 24 (TNA) – Thailand still retains its status as the world’s largest exporter of rice in terms of volume and value, with Vietnam coming second, according to the Department of Foreign Trade.

Rachane Pojanasuntorn, the department’s director-general, on Monday shrugged off a mounting concern that Thailand would be outpaced by Vietnam in terms of rice exports, saying the country's rice exports in the first quarter of this year reaching 1.79 million tons, worth US$569 or 22.64 billion baht.

The price of exported Thai rice is around US$317 per ton on average.

He was confident that the export volume and value would continue to increase.

Its volume for this year is expected to reach a target of 7.5 million tons, up 2.7 per cent from that of last year.

Vietnam set a target to export 5 million tons of rice this year, down from 5.28 million tons last year.

In the first quarter of this year, Vietnam exported 1.1 million tones of rice.

Because of this, Thailand and Vietnam still retained the world’s first and second rankings as major rice exporters.

He said Thailand and Vietnam had managed to forge ahead with rice trade cooperation smoothly and concretely.

At present, the Vietnamese rice price is around US$20-40 per ton on average, lower than that of Thai rice since Vietnam still has rice quality and inventory problems.

Both countries had agreed to promote cooperation between their private sectors, he said, adding that Thai exporters would be invited to explore joint investment opportunities for the rice trade in Vietnam so that they could help improve the quality and inventory system of rice in the country.

With the cooperation, prices of rice of both countries would stabilize and move in the same direction on the world market, he added.

Mr. Rachane conceded that the strengthening of the Thai baht would have an impact on the country's rice exports, but only in the short run.
MGR Archive 24.4.2006
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