Thailand's rice exports this year will reach 10.5 million tonnes, the commerce minister said on Thursday, above an earlier target of 9.5 million tonnes. Thailand, the world's second biggest rice exporter, will see its rice export amount exceed its target this year, Apiradee Tantraporn told reporters and rice traders at a Bangkok event.
"I'm confident that Thai rice exports will reach 10.5 million tonnes", she said. This exceeds the government's earlier target of 9.5 million tonnes. The amount is worth around 170 billion baht ($4.8 billion) to 180 billion baht ($5 billion), Charoen Laothamatas, president of Thai Rice Exporters Association, told reporters.
Thailand has exported 9.33 million tonnes of the rice this year until the end of November, a 9 percent increase from the same period last year, according to a ministry press statement. Apiradee said she expected next year's rice export to be at least 10 million tonnes. The amount matched the forecast given by the Thai Rice Exporters Association last week.
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