The government may not need to subsidise cassava in the 2013-14 season, as tapioca prices have recovered amid high demand for its use in alternative energy, especially in China.
Workers load cassava in Nakhon Ratchasima. The Commerce Ministry said that as of Feb 26 the government had pledged 5.41 million tonnes of fresh cassava root for the 2012-13 crop, while the Bank for Agriculture and Agricultural Cooperatives has paid farmers 7.61 billion baht. PRASIT TUNGPRASERT
Preecha Temprom, president of the Thai Tapioca Starch Association (TTSA), said the domestic tapioca price will likely reach three baht a kilogramme thanks to higher global demand for ethanol and the government's price intervention.
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