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Thailand: Rice exports rose 10% in September
Thailand shipped 790,000 tonnes of rice overseas in September, a growth of 9.9% year-on-year, lifting total exports of the grain for the first nine months of 2016 to 6.85 million tonnes. Charoen Laothamatas, president of Thai Rice Exporters Association, said exports in September were worth 12 billion baht, up 3.4%. For the nine-month period, rice exports rose 3.7% in volume compared to the same period last year, but the value increased by only 1.6% to 108 billion baht. He said September exports jumped from the delivery of both old and new-harvest rice to buyers in Africa, as African countries have resumed purchasing rice to add to their diminishing stocks. Exports of parboiled rice to African markets totalled 255,000 tonnes in September, up 103% from August. Benin was the largest buyer, taking 177,000 tonnes of parboiled rice. The export of white rice to African and Asian countries also rose by 22% in the month to 371,000 tonnes.
However, exports of Jasmine fragrant rice dropped by 13% to 158,000 tonnes.
Mr Charoen said he expected rice exports would total 700,000-800,000 tonnes for October, with deliveries to China and continuous sales to African buyers.
As of Oct 25, the export price of 5% white rice from Vietnam and India stood at US$350 a tonne and $345 from Pakistan. Thai rice of the same quality was quoted at $369 a tonne on Oct 26, according to the Thai Rice Exporters Association.
Source: http://www.bangkokpost.com/business/news/1123541/rice-exports-rose-10-in-september