El Niño pushes up Thai farm prices, experts suggest developing drought-tolerant plant varieties

Based on recent news from Thai media, Thai experts said that international agencies predicted that the El Niño phenomenon would worsen and last for a long time. Some countries began to ban rice exports, especially India, which regards rice as national food security, issued an export ban and banned exports. 5% white rice and other rice except millet. the India, which currently accounts for the largest share of rice exports in the world, implemented an export ban, which led to a 5% increase in the price of rice in the world market, and an increase of US$50 per ton in the price of white rice, while the price of rice futures also rose with the decline in the supply of rice in the world market. the As for the rise in rice prices, it will have a positive impact on the income of Thai farmers, especially this year, which has not been affected by drought. ), about 8 million tons of rice exports. the Paddy and commercial crops in Thailand will be challenged by the severe drought ...