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Rice exports from Thailand, the world’s largest shipper of the grain, may gain more than expected this year, boosted by strong demand from the Middle East and Asia, according to the Ministry of Commerce.

“Shipments will probably exceed 9.5 million metric tons this year if we continue selling 1 million tons a month,” Permanent Secretary for Commerce Yanyong Phuangrach, said at a conference in the outskirts of Bangkok today. That figure, forecasted by the government in January, compared with 9 million tons last year.

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Courtesy: Bloomberg BusinessWeek

22nd April 2011