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Saturday, May 4, 2024

Thai rice packers agree to delay price increase

The Internal Trade Department (ITD) has asked the Thai Rice Packers and Thai Millers associations to postpone their plan to increase the price of packed rice, to ease the burden on consumers.

ITD director-general Wattanasak Sur-iam met with representatives of the two associations yesterday (Thursday) for discussions on the Thai Rice Packers Association’s plan to increase prices in September by 3 baht per kilogram, citing the increase in rice prices from millers.

He said the two associations promised to cooperate with the department and freeze the price of packed rice for the time being adding, however, that they will wait and see whether the cost of milled rice increases further.

He said that the Thai Millers Association has promised to supply rice to the Thai Rice Packers Association on a regular basis, to ensure that there is adequate supply in the market.

Wattana said, however,…

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