Different views on rice price trend | Bangkok Post: business

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Division over prospects for rice prices

Analysts expect fall but BAAC executive bullish

Academics and the private sector remain bearish on rice prices due to massive global stocks and new supplies despite a state bank executive claiming market prices have improved.

Boonthai Kaewkhuntee, a senior executive vice-president of the Bank for Agriculture and Agricultural Cooperatives (BAAC), yesterday said several National Rice Policy Committee members agreed prices in the global market will rise by 500 to 1,100 baht per tonne based on the type of rice.

For example, fragrant rice is expected to rise by 775 baht, with 5% white rice up by 500 baht and Pathum Thani fragrant rice by 1,150 baht.

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  • pete

    ThailandPost : 435

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    Discussion 1 : 13 Mar 2013 at 10.261

    “Rice by nature has a short lifetime, so if you have such a high stock, you have to try to sell it as much as possible”.
    I think he meant to say as soon as possible. Anyway, Thailand, it’s too late now.

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