The Department of Foreign Trade said Thailand has so far this year exported 3.4 million tons of rice, up 6.4%.

Director-general of the department Mrs Duangporn Rodphaya said the rice export as of mid this month stood at 51 billion baht in value.

With the increase of rice export as compared with same period, she was confident that the country's rice export will reach the target of 10 million tons by the end of the year.

She added that the government is releasing 17.7 million tons of rice from its stockpiles as quickly as possible.

She expects more than 150 billion baht to be generated from the release.

She stressed the need to release rice in stocks despite facing losses, in order to reduce expenses, costing 17 million baht per day.

Source: Thai Public Broadcasting Service (Thai PBS)

By tladmin