The Association of Thai Rice Exporters has reported Thailand now exports more rice than India and Vietnam with the high possibility to reclaim the position of the world’s number one rice exporter.

President of the Association of Thai Rice Exporters Pol.Lt.Charoen Laothammathat said the Thai rice export situation substantially improved with a 25% increase in value.

Thai rice exports rose mainly due to cooperation between the government and private sectors in promoting Thai rice in foreign markets and managing rice stock effectively, the president said.

Thailand exported 5.3 million tons of rice over the past six months, increasing by 70%. The association’s president also suggested the government discontinue the rice pledging program which had made domestic rice price higher than the global market by as high as 50%.

Pol.Lt.Charoen predicted that Thailand would export 9-10 million tons of rice by the end of 2014 and become the world’s number one rice exporter again.

Source: National News Bureau & Public Relations