Rice farmers poorest in Asean | Bangkok Post: business

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Rice farmers poorest in Asean

Low productivity, high costs bite into incomes

  • Published: | Viewed: 26,226 | Comments: 20
  • Newspaper section: Business
  • Writer: Phusadee Arunmas & Wichit Chantanusornsiri
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Thai rice prospects have become bleak due mainly to high production costs, leading local farmers to have the lowest incomes among Asean rice producers. 

Production costs in Thai rice farming are up to 139% higher than those in Vietnam and 37% higher than those in Myanmar, leading Thai farmers to have an income balance of only 1,556 baht per rai against 3,180 baht in Vietnam and 3,484 baht in Myanmar.

“This comes despite the government setting rice-buying prices higher than market rates through its pledging scheme over the past three years,’’ said Aat Pisanwanich, dean of the University of the Thai Chamber of Commerce (UTCC) economics faculty and director of its Center for International Trade Studies.

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