Farmers clinging on sticky rice, price plummeting 8,000 baht / ton, risking further falling

Published 2020년 10월 4일

Tridge summary

The price of sticky rice is expected to drop by over 80% to around 5,000-6,000 baht per ton due to overproduction in China, Vietnam, and Cambodia. Farmers are growing more rice due to these countries' surplus, leading to a poor liquidity of mills. The Thai Farmer and Farmer Association has requested the government to deliver the parallel standard and support the price, especially with the granary pledge program where all types of rice can join. Farmers have a budget of 1,000 baht per rai, with a maximum payment of 20,000 baht for this program.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Sirichai Statisticswanich The former chairman of the rice mill club in Chiang Rai revealed to the "economic base" that on October 4, 2020, the price of sticky rice about fresh At the beginning of the season, the price is less than 20%, the price is 8,000 baht / ton, tends to continue to plummet. Because we heard that China has grown about 3 million tons of glutinous rice instead of imports The same is true for Vietnam and Cambodia. Has been added From last year Therefore, farmers turned to grow more rice In addition, the liquidity of the mill is poor. Therefore, if the government does not have any measures to support The price is definitely lower than this. The worst may see the lowest price of 5,000-6,000 baht / ton, in line with Mr. Suthep Kong, honorary president of the Thai Farmer and Farmer Association. And a member of the National Rice Policy and Administration (NDC) said that this year's rice price is worrisome. Therefore, requesting the government to ...

Source: Ththansettakij