Greener Pastures
The government's pledging scheme is driving some Thai exporters to the saner climes of Cambodia and Vietnam
- Published: 11 Feb 2013 at 00.00
- Newspaper section: Business
Market competition resulting from costly domestic rice remains a key factor driving Thai exporters to seek openings in neighbouring countries where the rice trade is more prosperous.
Exporters say their performance was weak last year, mirroring the country's overall decline in rice exports, which plunged by 35% to 6.9 million tonnes.
"We expect a weak market for another year, as the industry is in a downward trend and local supply is mountainous," said Wanlop Pichpongsa, deputy managing director of Capital Rice Co.
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