AGRICULTURE
Rice traders await clarity on PT policy
The rice market is frozen as traders worry that the revival of the rice mortgage policy by the new Pheu Thai-led government could jack up prices of white rice in the global market to as much as US$850 a tonne.
Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said millers had stopped buying paddy and were adopting a "wait and see" stance as they monitor price trends.
At the same time, exporters have stopped taking orders from international buyers, especially for shipments to be delivered in August and September, as they are afraid of losing money.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
About the author
- Writer: Phusadee Arunmas
- Position: Business Reporter
Latest stories in this category:
- PM visiting Australia
- Gold prices for Saturday
- Thai foreign investment incentives placed in the spotlight
- Drama in GSB president selection
- Raimon Land keen to pursue high-end Bangkok condos
- Fitness First plans 4 more gyms, sees opportunity
- CAT ordered to suspend 3G amid inquiries
- Huge Silom plot may grab B2bn at auction
