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Thai rice exports down 11% in August
Oct. 14, 2016
Thailand remained the world's second-largest rice exporter after India in the first eight months of this year, with exports down almost 11% last month, according to exporters. From January to August, Thailand shipped 6.06 million tonnes of rice worth 96.23 billion, up 2.9% year-on-year by volume and 1.4% by value. The largest markets during the period were Benin (11% of total volume), China (9%), Ivory Coast (8.4%), South Africa (6.2%) and Indonesia (5.8%). By comparison, India shipped 6.71 million tonnes in the same period. The third largest exporter was Vietnam, which shipped 3.12 million tonnes. In August, exports fell 10.7% year-on-year but jumped 40% from the previous month as African buyers returned, the trade body said.
The country shipped 622,630 tonnes worth 10.4 billion baht during the month. The association foresaw exports of 600,000-700,000 tonnes in September as exporters have to deliver rice to the Philippines and fill more orders placed by African buyers.
Original link: http://www.bangkokpost.com/business/news/1099096/thai-rice-exports-down-11-in-august.
Source: Bangkok Post
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