Thai exporters ponder RI risk

Thai exporters ponder RI risk

BANGKOK (Reuters): Thai exporters are re-evaluating risks on orders for delivery of 200,000 tons of rice in June to Indonesia due to tensions there, the Nation newspaper said on Saturday.

Vorapong Pichpongsa, president of the Thai Rice Exporters Association, was quoted as saying that Thai rice exporters had yet to receive letters of credit from Indonesia for the orders.

Exporters would be comfortable if the letters of credit were opened by commercial banks in Singapore, he said.

So far exporters had shipped 740,000 tons of Thai rice to Indonesia from about one million tons ordered during the first four months this year, Vorapong said.