Five ink deal to form rice cartel | Bangkok Post: business

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Five ink deal to form rice cartel

Goal is to boost price by 10% annually

  • Published: | Viewed: 6,365 | Comments: 17
  • Newspaper section: Business
  • Writer: Chatrudee Theparat & Phusadee Arunmas
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Five Asean rice-producing countries are joining forces to form a regional alliance with the ambitious goal to boost rice prices by 10% annually. 

Yanyong: 10% price rise acceptable

Trade ministers from Thailand, Vietnam, Cambodia, Myanmar and Laos are scheduled to sign the agreement later this year to establish the Asean Rice Federation, said Yanyong Phuangrach, the commerce permanent secretary.

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