Min of Commerce: Thai rice export to meet 2015 target

BANGKOK, 20 July 2015 (NNT) - The Ministry of Commerce expressed confidence that Thai rice will meet its annual export target, despite the ongoing drought crisis.

The ministry forecast that the price of Thai rice in the second half of the year is expected to rise, due to low supplies stifled by the dry season. The drought has hit many rice producers in the region, and a number of countries began to import rice for fear of further drought.

Despite high overseas demand, the ministry has insisted that the government needs to take a conservative approach and and maintain reserves of at least five million tons to ensure food security.

Many countries in the region are expected to vie for Thai rice imports under government-to-government and private contracts. The Philippines, for example, is expected to open rice bidding soon, in order to ensure adequate supply amid region-wide drought. The ministry is confident that Thailand will be on target this year and export 10 million tons of rice.


-- NNT 2015-07-20

As there is no transparency, in Thailand. These are just the same as the fortune teller!

Chai o..............3 times

TAT must be oversseing their press releases

Thse people are becoming the absolute laughing stock. You can read in todays BKK Post that the president of the Thai rice exporters association said today that 9,5 mil tonne will be exported against the target of 10 mil tons. Same subject the same day and two opposite messages. I would strongly recommend to the clowns in charge to export the minimum quantity of rice as the drought could have a negative impact on next years crop as well. We dont want to import any rice at high prices after selling our own stocks at low prices, do we ?

Where did they learn that "have confidence that ....."

Possibly madame TAT.