Rice shipments from Thailand, the second-biggest exporter, are set to increase as the government reduces the price paid to farmers to rein in spending, according to the Thai Rice Exporters Association.
Rice exports from Thailand, the world’s largest shipper, may slump as much as 6.6 percent after deadly anti-government protests hurt sales, compounding the impact of lower global demand, according to an industry group.
During 10 turbulent years in Thailand, Kittiratt Na-Ranong tackled jobs ranging from president of the stock exchange to manager of the national soccer team, an underperforming outfit nicknamed the War Elephants.
Rice shipments from Thailand, the largest exporter, will drop by half from November to January as a state-buying policy raises costs and flooding disrupts transport, according to the Thai Rice Exporters Association.
Thailand may lose its status as the world’s top rice exporter to Vietnam by 2015 as higher costs and a weaker Vietnamese currency eroded its price competitiveness, the Thai industry association for shipments said.