Rice exporters pessimistic about market prospects
Rice exports are expected to have another difficult year as the world market is likely to be volatile amid foreign exchange and oil price risks, according to exporters.
Charoen Laothammatas, president of the Thai Rice Exporters Association, said the association projected shipments would slip to 9 million tonnes this year worth about US$4.3 billion.
Last year Thailand exported 9.79 million tonnes, down 10.8% from 10.97 million tonnes in 2014. Export value also dropped by 15.2% to $4.61 billion from $5.43 billion. ... [continue]