Thailand’s rice exports drops 38% in Jan

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Thailand’s rice export volume in January fell 37.74 percent from the same period last year but the Ministry of Commerce expects the rice exports throughout the year would be able to meet the target of 8.5-9.5 million tonnes.

According to director-general Apiradi Tantraporn of the Department of Foreign Trade, Thailand in January exported a total of 628,792 tonnes of rice, valued at US$331 million, compared to 1.01 million tonnes worth US$421 million during the first month of last year.

Apiradi said the country meanwhile shipped a total of 941,286 tonnes of rice, worth US$508 million, from the beginning of this year till February 13, which is showing a good sign, and the ministry believed that rice exports this year would total between 8.5-9.5 million tonnes.

Last year, Thailand, the world’s leading rice exporter, exported a total of 10.01 million tones, up 4.75 percent from 2007, worth about US$6.11 billion, or about 70.2 percent higher than the value of 2007 rice exports.

As much as 46.35 percent of last year’s rice exports were shipped to African countries, 24.71 percent to other Asian countries, 15.53 percent to the Middle East, 7.91 to Europe, 5.52 to Americas and the rest to Oceania countries.

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