BANGKOK, Nov 29 (TNA) – The Ministry of Commerce
says it is now likely that Thailand’s rice exports should meet the target of 11 million tonnes totally in 2018.
Adul Chotinisakorn, Director-General of the ministry’s
Department of Foreign Trade, told journalists of the update on November 28,
following new purchase orders of about 324,000 tonnes of Thai rice placed by
China and the Philippines.
Adul stated that his department has concluded this month two
government-to-government (G-to-G) contracts on rice trade of 180,000 tonnes totally with Beijing and Manila, 100,000 tonnes with China’s government run-COFCO
Corporation (COFCO) and the rest with the Philippines’ government run-National
Food Authority (NFA).
According to the senior official, all the 180,000 tonnes of
rice will be delivered by the Thai side by the end of this year, including the
5 per cent white rice for China and the 25 per cent white rice for the
Philippines.
Adul projected that Thailand’s rice exports should meet the ministry’s
target of about 11 million tonnes in 2018 as Thailand’s shipments of rice to
foreign markets have already reached 9.89 million tonnes so far this year,
totally worth about 161.38 billion baht, a 4.52 per cent year-on-year increase.
(TNA)
