Speaking after the meeting, the association’s president Rangsan Sabaimuang said members had reported on the production and market situation before the upcoming rice harvest in the next 1-2 months and concluded that this would remain stable, although a slight decrease in the production of jasmine rice in the central region was expected due to the drought and the effects of the El Niño phenomenon.
In the northeastern region, where jasmine rice and glutinous rice are primarily grown, the overall rainfall has been good, and the production is expected to be normal. However, the price situation is contingent on the government’s decision as to whether the approval of delayed export credit projects will be granted. This approval is considered positive because simultaneous harvesting by farmers could cause price fluctuations. Despite some financial institutions limiting credit to rice…
