Bangkok (VNA) – Thailand’s rice exports are expected to recover slightly from an estimated 5.8 million tonnes in 2020, which was the lowest in 20 years due to weak global purchasing power caused by the COVID-19 pandemic, a container shortage and the strong baht. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association (TREA), said he believes that rice exports will reach 6.5 million tonnes at best this year, up from an anticipated 5.8 million tonnes worth 110-120 billion baht (3.65-3.98 billion USD) in 2020. Rice exports remain gloomy this year, as consumers worldwide are likely to opt to save their money and buy rice at cheaper prices, he stated. He took Malaysia as an example as the country has now started buying more rice from India with cheaper prices, instead of Thailand and Vietnam. According to him, the container shortage is another obstacle for rice export prospects, citing the Thai National Shippers’ Council’s expectation that … [Read more...] about Thailand’s rice exports remain gloomy this year
Panipat export surplus
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Vo Trung Hieu, international business director at Vinamilk, said that after Vinamilk shipped plant-based milk products to China for the first time to survey this market late last year, it received positive feedback from business partners who then decided to place the orders for the milk early this year. … [Read more...] about Vinamilk exports first huge batch of milk to China in 2021
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Vietnam becomes 6th largest trading partner for China
Vietnam was China's eighth largest trading partner in 2019 before its rise to sixth in 2020. It is China's eighth largest supplier of goods and fifth largest export market. … [Read more...] about Vietnam becomes 6th largest trading partner for China
