Bangkok, Thailand (4E) – Thailand lost its position because the world’s biggest exporter of sift inside 2012 plus was overtaken by India plus Vietnam, because an industry group about Friday blamed the government’s controversial plan aimed to enhance farmer incomes.
On Thursday, Vietnam announced which last year it exported 7.6 million tons of sift, that is 10 per cent high than the past year. The U.S. Department of Agriculture mentioned which India exported over 9.5 million tons of sift inside 2012.
Thailand’s sift exports dropped by 35 per cent to 6.9 million tons inside 2012 within the 10.7 million tons it shipped inside the past year, according to newest figures of the Thai Rice Exporters Association’s as well as the country’s commerce ministry.
For the previous year, Prime Minister Yingluck Shinawatra has implemented a plan of buying sift from farmers at a cost of 50 per cent higher priced than the present marketplace cost. This system has been prevalent with Thailand’s remote bad, however it has hurt competitiveness of Thai sift exporters.
The Thai Rice Exporters Association’s blamed the government’s plan to purchase unhusked white sift from farmers at a fixed cost of 15,000 baht per lot, plus top-quality jasmine at 20,000 baht per lot.
Chookiat Ophaswongse, honorary president of the export group, mentioned which each lot of Thai sift is today $ 130-$ 150 higher priced compared to its main competitors, resulting to dropping exports plus deficiency of prepared customers.
The government remains confident there continue to be customers for the sift inside the planet markets ready to pay at a cost which will help raise the living specifications of farmers.
In a World Bank report, but, average planet cost for sift is expected to drop further this year because manufacturing of the staple food crop has extended especially inside India plus China.
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