BP: June 3, 1998: Rice exports

[suriya@xxxxxxxxxxxx]

dear okkaar,

pleaase explain about the rice export of burma.

==============

June 3, 1998


                                     


              Rice exports 

              Thailand's rice exports for the five months to May jumped 103%
              in baht terms and 17% in US dollar terms from the
              corresponding period last year to 38,940 million baht, or
              US$891 million, according to Commerce Minister Supachai
              Panitchpakdi.

              Rice exports in the first five months last year totalled 1.87 million
              tons worth 19,193 million baht, or US$760 million.

              In May alone, rice exports reached 420,000 tons worth 5,500
              million baht, or US$141 million, up from 390,000 tons worth
              4.217 million baht, or US$167 million for the same period last
              year, up 8% in volume and 30% in baht terms and 18% in US
              dollar terms.

              Dr Supachai noted that Thai rice shipments in May declined from
              the previous months because of the slow- down from Asean
              countries, notably Indonesia and the Philippines.

              In addition, the low-grade rice market also faced stiff
              competition from China due to increased output and a relatively
              cheaper price.

              Although rice shipments to Asean fell, demand from other
              regions remained high.

              Many countries in the Middle East and Africa started importing
              more rice. Japan also opened bids for rice imports.




                                     




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