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Thai Rice Prices Tipped to Rise as Supply Falls.

Bangkok Post (Bangkok, Thailand)

| January 07, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jan. 7--Traders anticipate a marked upturn in the domestic and export prices of rice this year, although the volume shipped abroad may fall short of the record set last year.

Shipments hit 7.52 million tonnes in 2001, an increase of 13.9 percent from the 6.6 million tonnes in 2000.

However, Thailand's rice exports are unlikely to top seven million tonnes this year, according to Vorapong Pichpongsa, an executive of STC Group, a major trader.

This was despite high demand from major markets including Indonesia and African countries headed by Nigeria, and climatic restraints on production in Vietnam, one of Thailand's major exporting rivals, he ...

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