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Monday, May 6, 2024

Rice prices skyrocket in Thailand due to drought effects and export ban

Photo courtesy of tastythailand.com

A meeting is set to be convened today by Jurin Laksanawisit, Commerce Minister, evaluating the repercussions of the drought instigated by the El Niño weather occurrence, and potential courses of action in response to the surge in rice prices. Concurrently, the Commerce Ministry under the watchful eyes of Wattanasak Sur-iam, chief of the Internal Trade Department, is monitoring good prices, with agricultural products of particular interest due to the effects of the drought.

“The price of bagged rice remains normal, despite recent news about a rise in rice prices following India’s ban on exporting non-basmati white rice and the drought reducing production,” Wattanasak conveyed. He mentioned that the price of a 5 kilogram bag of Thai hom mali rice averages 210 baht, while 100% white rice is priced at 117 baht per kilogram.

Several notable…

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