Pee Wannasri, 68, said on Friday he was expecting the price be between Bt9 and Bt10 per kilogram, so he could earn enough money to pay off his debts and support his family.

He said 300 to 400 kilograms of rice is produced per rai, and at this rate farmers will only earn Bt1,800 to Bt2,400 per rai instead of Bt2,100 to Bt2,800.

Since the cost of production per rai is about Bt2,900, farmers will suffer heavy losses and all they can do is complain and hold each other’s hand.

They called on the government to guarantee the price of rice, as they will not be able to pay the money they owe to the Bank for Agriculture and Agricultural Cooperatives.

Farmers overwhelmed by losses as price of rice falls to just Bt6 per kilo

Farmers in Kalasin province were reduced to tears due to massive losses after the price of rice dropped to just Bt6 or Bt7 per kilo this week.