Thai rice exports could achieve the target of 9.5 million tons

BANGKOK, Thailand's government is still optimistic about export its rice export forecast from an average of 70 thousand 80 thousand tons per month to reach a total annual export volumes 9.5 million tons to meet expectations .

Duangporn Rodphaya general of the Foreign Trade Department of the Thai government, said potential buyers milled rice output is expected to limited lower due to drought by increasing demand and driving prices up.

Currently, 5 percent broken rice to the port is between $ 390 to $ 400 per tonne compared with $ 370 last year.

Although the global economy is not so good, Thailand exported 2.64 million tons of rice from 1 January to March 29, up 27 percent from the same period last year, brings 41 cash, 5 billion baht, up 18 percent. Dollar terms, exports amounted to 1.6 billion dollars, up 7.8 percent compared with same as last year.

The rice export volume last year totaled 9.79 million tons, down 10.7 percent compared to 2014, with volume out of 4.61 billion US dollars, down 15.2 percent.

She added that to increase sales Foreign Trade Department will hold an auction to raise three years some 40 to 50 thousand tons of rice stocks after the Lunar new year.

The auction will be milled rice, which is classified as type P Rice received a certificate from the Ministry of type A and B, and rice type C (which is a sub-standard quality of rice) for use in industry.

The Commerce Department reported that the auction's second rice this year to 418 thousand tons of rice attracts more interested bidders who qualified 14th among 42 offered the highest price for rice . Rice, 292 tons of milled rice this auction and sales totaled $ 4.43 billion baht.

The department provides the ability to bidders interested apply for its rice purchases yesterday to buy quality stocks under standard 223 000 tonnes for industrial uses.

Since the coup in May 2014, a total of 5.05 million tons of rice are sold through auctions 13 allocate 53.9 billion baht, while the agreement between the government and the government sold 3.8 million tons to 50 billion.

The government estimates that 12 million tons of rice in stock, down from 18.7 million tonnes of rice scheme previous.