Somkid targets 70% Hong Kong market share for Thai rice
By The Nation

 

File photo : Somkid

 

BANGKOK: -- Deputy Prime Minister Somkid Jatusripitak has targeted that Thai rice will secure 70 per cent of the Hong Kong market this year.

 

Commerce Minister Apiradi Tantraporn said on Thursday that during Somkid’s four-day visit to Hong Kong that began on Wednesday, he and the Thai delegation that accompanied him were holding talks with four of the city’s rice associations on ways to expand Thailand's mark.

 

Somkid set the target market share at 70 per cent this year, up from 68 per cent last year. Hong Kong imports 300,000 tonnes of rice from Thailand annually, of which most is Hom Mali rice.

 

Source: http://www.nationmultimedia.com/news/business/EconomyAndTourism/30313567

 

-- © Copyright The Nation 2017-04-28

Well, what happens if he doesn't reach his target??? He will pay the difference by himself, out of his assets?

57 minutes ago, sawadee1947 said:

Well, what happens if he doesn't reach his target??? He will pay the difference by himself, out of his assets?

No sweat there should be enough there to cover it. 

The man is really stretching his targets, I mean 2% of 300 000 tons is 6 000 tonnes, which is less than 0,1% of the countries rice exports.

Would probably hit 80% when events go nuclear...