2017 rice exports forecast at 10m tonnes

[webfact]

2017 rice exports forecast at 10m tonnes 
By  PETCHANET PRATRUANGKRAI 
THE NATION 

 

BANGKOK: -- THAILAND is expected to export between 9.5 million and 10 million tonnes of rice next year, the same or slightly more than this year’s total of about 9.5 million tonnes, according to the Thai Rice Exporters Association.

 

The forecast is close to the Commerce Ministry’s prediction of rice exports of 10 million tonnes next year.

 

Charoen Laothammatas, president of the association, said rice exports in 2017 should benefit from rising demand in some markets such as the Middle East, where higher oil prices will increase purchasing power. 

 

However, competition will also be tougher as global rice production is expected increase slightly.

 

Full story: http://www.nationmultimedia.com/news/business/EconomyAndTourism/30303121

 

-- © Copyright The Nation 2016-12-30

[Srikcir]

6 hours ago, webfact said:

rice exports in 2017 should benefit from rising demand in some markets such as the Middle East, where higher oil prices will increase purchasing power. 

To be offset by lower purchasing power in Africa, South America and Asia-Pacific whose rice markets dwarf the M.E.