Thai rice export this year to reach 10 million tons

[webfact]

Rice export this year to reach 10 million tons



BANGKOK: -- Rice export this year is expected to reach 10 million tons, Commerce Minister Gen Chatchai Sarikulya said.

Gen Chatchai was confident in the rice export as within the next few months three million tons will be sold.

He said the Department of Foreign Trade will announce auction of one million tons of rice in government stockpiles this month.

The one million tons of rice consists of both quality rice and substandard rice.

He believed the lot will be sold out due to high demand in the market following the end of the off-season rice cultivation period.

Gen Chatchai said since the beginning of this year, close to three million tons of rice has been released from the government’s stockpile.

He said in July this year, Thailand will also sell one million tons of new rice and one million tons of old rice to China on a G2G contract.

Thailand has already delivered 400,000 tons of rice to China under a previous contract for the purchase of one million tons of rice that was signed last year.

Another 100,000 tons will soon be delivered in accordance with this contract.

With the high demand in the market, the commerce minister expressed confidence that rice exports would reach 10 million tons this year.

Source: http://englishnews.thaipbs.or.th/rice-export-this-year-to-reach-10-million-tons


-- Thai PBS 2015-06-03

[bangon04]

" the commerce minister expressed confidence that rice exports would reach 10 million tons this year."

" is expected to reach "

" was confident in the rice export"

"He believed the lot will be sold"

so it is not quite as definite as the headline seems to suggest.....