Thailand will export less rice than expected to Africa in 2015

Thai rice exports to African countries will drop significantly this year because of the fall of the courses currently facing the oil and African agricultural development policies.

Indeed, this situation since October affects the purchasing power of most African countries, especially those, such as Nigeria, whose income depends mainly on the export of black gold . The country, which is one of the largest importers of cereal substantially reduce its purchases through a combination of factors including further decline in oil prices, the policy of the federal government’s plan to rice self-sufficiency.Thailand's rice

Thus, estimates Oryza, rice weaker than expected part to the increased volume of bilateral trade between Thailand and Nigeria should still spend $ 1.5 billion to $ 3 billion by 2020 according to the desire of the two countries.

Thailand will export about 10.5 million tons of rice, 500,000 tons less than its forecast which projected 11 million tonnes of rice.

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