Price must come down for next crop season, says new commerce minister | Bangkok Post: news

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Lower pledging price for next rice crop

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The price of pledged rice for the next harvest is certain to be less than the current 15,000 baht per tonne, Deputy Prime Minister and Commerce Minister Niwatthamrong Bunsongphaisarn said on Wednesday. 

Mr Niwatthamrong said Thai rice is already more costly than rice from other countries, particularly Vietnam, putting Thailand at a competitive disadvantage and at odds with the world market.

He said that meant the pledging price for the next crop season would have to be less than 15,000 baht per tonne, but government would try to make sure that farmers get a reasonable price for their grain, even if the government had to take a loss.

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