Monday, July 26, 2021

business

Rice Association pleads for govt intervention as price withers


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

Published : June 16, 2021

By : The Nation