Cheap glutinous rice planned to battle high prices

Cheap glutinous rice planned to battle high prices

The government has banned hoarding of glutinous rice and will sell discounted packs as prices soar amid shortages.

Government spokesperson Narumon Pinyosinwat said on Monday that Prime Minister Prayut Chan-o-cha had ordered the Commerce Ministry to prevent hoarding and to launch discounted packs in the wake of the all-time high price of glutinous rice.

Deputy Prime Minister and Commerce Minister Jurin Laksanawisit ordered the Internal Trade Department to impose the ban immediately since the grain is on the ministry's price control list, Mrs Narumon said.

"There will be discussions with millers, traders and cooperatives so they can quickly produce packed glutinous rice at a special price to relieve people's trouble," she said.

Mrs Narumon attributed the expensive glutinous rice to drought that caused its low yield. The situation should improve when the new yield comes out in October, she said.

Glutinous rice now sells for 50,000 baht a tonne while Hom Mali fragrant rice costs 35,000 baht.

Local retail prices were nearly 50 baht per kilogramme and a smallest bag of steamed glutinous rice is now 10 baht, double recent prices.

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