World

Thailand rice exports likely to fall 12 percent in 2020

Thailand’s rice export volume is estimated to reach 5.7 million tonnes in 2020 with revenue of about 3.8 billion USD, down 12 percent year on year, according to Thai Rice Exporters Association (TREA) Honorary President Chookiat Ophaswongse.
Thailand rice exports likely to fall 12 percent in 2020 ảnh 1Thai rice sold at a supermarket in Bangkok on March 4, 2020 (Photo: AFP/VNA)

Bangkok (VNA) – Thailand’s rice export volumeis estimated to reach 5.7 million tonnes in 2020 with revenue of about 3.8billion USD, down 12 percent year on year, according to Thai Rice ExportersAssociation (TREA) Honorary PresidentChookiat Ophaswongse.

He explained that Thai rice export has faced many obstaclesthroughout the year, including higher price when compared to competitors.

The TREA held that the situation has been aggravated by theincreased baht price, along with the shortage of containers for transportingrice.

Chookiat Ophaswongse said that it would be the first timethat Thai exports would be lower than that of Vietnam, which is expected toexport a total of 6 million tonnes.

In recent years, Thailand has lost its position of world toprice exporters to India and Vietnam. The Southeast Asian nation produces over 20million tonnes of rice each year, a half of which is exported.

In 2019, Thailand exported 7.58 million tonnes of rice,earning 131 billion baht (4.13 billion USD), down 32 percent in volume and 25percent in value year-on-year. Earlier this month, Chookiat Ophaswongsepredicted that Thailand’s total rice export volume this year would reach 5.8million tonnes in 2020 and 7 million tonnes in 2021./.
VNA
#Thai rice#Thai Rice Exporters Association (TREA)#Thailand’s total rice export volume#Thailand#Vietnam#Vietnam news#Vietnam News Agency
Follow VietnamPlus

Related News

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.