Thai Rice Exports dramatically slump


BANGKOK, 22 November 2012  – The Thai Rice Exporters Association has made known that rice exports during first ten months of this year dropped 10 percent. 

The report compared rice exports during the first ten months of this year and the same period last year to show a drop of 40 percent in quantity and 28 percent in value. It noted however that export prices were up 17 percent when compared to the mean price during the same time last year.

Thailand’s top five rice importers this year were Nigeria, Iraq, Ivory Coast, South Africa, and Indonesia. The association also pointed out that the export of sticky rice in October jumped significantly from its previous month, with increased orders from Africa and India.

The industry association expects 700-thousand tons of rice to be exported during the last two months of this year, despite higher competition from Vietnam.