Thai rice exports down 11% in August

30.09.2016

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.
 

bangkokpost

Readers choice: TOP-5 articles of the month by UkrAgroConsult