The price of agricultural products in Thailand is likely to rise due to increased export demands and natural disasters in other countries, a study conducted by the Bank for Agriculture and Agricultural Cooperatives (BAAC) revealed.
The price of white rice with 15 per cent moisture, which currently goes for 8,419-8,465 baht ($255.50-256.90) per tonne is expected to rise by 0.30 to 0.84 per cent thanks to government-to-government sales agreements with China, Bangladesh and Indonesia.
Similarly, the price of cassava is expected to rise 0.51 to 2.54 per cent from its current price of 1.98-2.02 baht per kg due to the Thai currency’s depreciation. Demand for cassava has also surged in China because the country’s worst flooding in 80 years has wiped out cornfields.
Raw sugar, which is going at 12.79-13.17 baht per kg, can expect a boost of 1.5-4.5 per cent as China is expected to…
