Thai rice export remains the wolrd´s largest despite risks

BANGKOK, 26 May 2011 (NNT)-The President of Thai Rice Exporters Ms. Kobsuk Iamsuree has disclosed several risks to rice exporters in Thailand for this year while expressing her confidence that Thailand will remain the world’s largest rice exporter.

According to Ms. Kobsuk, risks could be from the fluctuation of currencies, especially in major buyers such as China and Bangladesh which could prompt the price of rice to hike. The President also adds that rice farmers have now turned to growing crops used in producing alternative energy since climate change has made it difficult to grow rice and prompted the production to decline.

She is confident that Thailand will be able to export no less that 8-10 million tons of rice. Any amount less than that could become a problem.