The Commerce Ministry is expecting to export at least 500,000 tons of rice in January this year. 

According to the Commerce Ministry, rice export in the first week of January totaled 150,000 tons, rising by 43 percent year-on-year. The ministry believes that Thailand will export over 500,000 tons rice by the end of this month, thanks to the upcoming Chinese New Year Festival; when people stock up on rice for the New Year occasion. Judging by the rising volume, the ministry anticipates Thailand’s rice export to be over 8.5 million tons by the end of 2013, compared to 6.9 million tons last year.

The Commerce Ministry further revealed that Thailand is still obligated to export another 5.6 million tons of rice to its trading partners under the G-to-G basis calling for it to sell 7.3 million tons of rice.

Source: NNT