Thailand sees increase in rice exports over coronavirus scare

2020-03-16 03:41:34

(MENAFN)

The president of the Rice Exporters Association in Thailand, Chookiat Ophaswongse, said that the rice exports of Thailand have witnessed increases over the international coronavirus fears.

The official said that "The COVID-19 situation has led to many countries stocking up on food supplies, boosting orders for Thai rice", adding that "Many rice importers worldwide want Thai rice shippers to deliver 100 percent of the order quantity immediately".

The then added that the importers of rice usually wanted 50 percent delivery of the order, such as 50 percent for March and the remaining for April, but now they want the entire 100 percent delivery.

The official said that the rice exported from the country saw an increase in prices from USD410 for a ton to USD450-460 per ton.

The Thai rice exports stood at around 630,000 tons in February over the large increase in demand.

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