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Thailand rice exports hit 12-year low

Rice exports from Thailand plunged 37 per cent last year to the lowest in more than a decade, plunging the nation from best in the world to third place.

Thailand sold 6.73 million (metric) tons with a value of $4.63 billion, the Ministry of Commerce said Wednesday. 

That compares with 10.7 million tons, worth $6.43 billion a year earlier, data showed. - Read more.