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Rice is on sale at a grocery retailer in Bangkok, Thailand. (Photograph: VNA)Bangkok (VNA) – Thailand’s rice exports within the
first six months of this yr surged 56.6% to three.5 million tonnes, bringing in 60.93
billion THB (about 1.7 billion USD) in income, or 42.9% extra yr on yr.
Agriculture and Cooperatives Minister Chalermchai Sree-on
mentioned that is excellent news for Thai farmers, and this enhance in export will assist
increase the worth of rice within the nation.
Thailand ought to be capable to beat Vietnam and turn out to be the
world’s second-largest rice exporter if it may well ship greater than 7 million
tonnes of rice this yr, he famous.
In keeping with statistics of the Thai Rice Exporters Affiliation and Customs
Division (TREA), Thailand exported 764,131 tonnes of rice value 13.12
billion THB in June alone, up 69.4% and 57.1%, respectively, in comparison with
450,973 tonnes value 8.35 billion THB in Might.
Chalermchai anticipated rice exports of Australia, Myanmar, Cambodia, Europe, Paraguay,
Uruguay and Thailand to rise, and rice shipments from Colombia,
Ecuador, India, Iraq, Madagascar, the Philippines, Sri Lanka, the US and
Vietnam to drop.
Nonetheless, he mentioned many components might have an effect on Thailand’s
rice exports within the second half of the yr, equivalent to the worth of the baht, the
productiveness of key rice exporters, the Russia-Ukraine struggle’s impression on
manufacturing prices and the COVID-19 financial fallout.
Vietnam exported 2.77 million tonnes of rice value 1.35
billion USD within the first 5 months of this yr, up 6.95% and 4.26% yr on
yr, respectively.
TREA forecast that Thailand will ship not less than 8 million
tonnes of rice overseas in 2022, far larger than the plan of seven million tonnes. The
quantity will generate an income of 130 billion THB, in comparison with 110 billion THB final yr./.
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