The Office of Agricultural Economics has announced a good news that will make Thai farmers happier as now Thai rice exports are showing strong signs of expanding.
It said rice exports for 2016 exceeded previous year’s exports by 16%.
The announcement of good news was revealed jointly by the Office of Agricultural Economics, and the Center for Applied Economics at Kasetsart University.
The director of the Operations Center with the Office of Agricultural Economics Mr Bhumisak Rasri, and the acting director of the Center for Applied Economics at Kasetsart University Mr Kampanart Phen-Supha, jointly announced that Thailand’s jasmine rice won the prize for the World’s Best Rice 2016 in a competition that was organized in Chiang Mai province on November 18th, 2016.
They revealed that Thailand’s entry was very well prepared and developed and selected from the best strands of jasmine rice from the Tung Kula Rong Hai vast rice fields allowing the country to win the coveted prize.
They said on average Thailand’s yearly export of jasmine rice is around 1.4 million tons.
But in the first 10 months of 2016 Thailand exported 1.82 million tons of rice which is a significant increase over the previous year’s figures of 1.57 million tons.
This represents a 16% increase.
The main markets for Thai rice are the US, Hong Kong, China, Singapore and Canada and thus far the country has been able to maintain its lead as the number 1 rice exporter in the world.
Source: Thai Public Broadcasting Service (Thai PBS)