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TUESDAY, December 06, 2022
nationthailand
Rice Association pleads for govt intervention as price withers

Rice Association pleads for govt intervention as price withers

WEDNESDAY, June 16, 2021

The price of rice continues to tumble in Thailand, as domestic consumption drops due to Covid-19 restrictions and the ban on foreign travellers, the Thai Rice Mill Association said on Wednesday.

In the international market, Indian rice is selling for about $50 per tonne less than Thai rice after a bumper crop on the subcontinent, according to association president Rangsan Sabaimuang.

Thai rice is also facing a sharp rise in shipping costs – though its price is still lower than Vietnamese rice, he added.

Rangsan urged the government to find a quick solution to the dropping rice price, noting it would hit the finances of Thai farmers when they harvest their crops in 2-3 months

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