(Photo: www.thaivisa.com)President of the Rice Exporters Association of Thailand Charoen Laothammatas expects that the association will be able to export around 9.5 million tonnes of rice this year.
Laothammatas said 9.5 million tonnes is an appropriate quantity from the country’s 30-million-rice production in 2018.
As for this year’s jasmine rice production, the president said it decreased more than the normal level due to rain and flooding. Rice farmers turned to other crops instead of rice, resulting in the lower production, he added.
Laothammatas therefore forecast that the price of jasmine rice will be stable at 1,100 - 1,150 USD per ton until rice in the new season is harvested. Despite the baht's appreciation, the Thai rice price won't be lower than last year since old stock has been sold out, he said./.