Thailand: Paddy prices are the highest in 5 years; farmers cut sugarcane and plant rice

Sugarcane

Rice

Thailand

Published May 1, 2021

Tridge summary

The rain comes, rice planting, rice boom. The farmers raised up the deserted fields. Farmers cut sugar cane and grow rice Department of Internal Trade X-ray output Global demand for rice in 2021 is expected to produce more than 30 million tons of Thai paddy. "Kriengsak" pointed out that the price has dropped to 7 thousand, but still the highest in 5 years.

Original content

Meteorological Department Prepare to announce Thailand will enter the rainy season of the year 2021 around the middle of the 2nd week of this May. Most farmers begin to cultivate rice or prepare a rice planting plan early in the rainy season to reflect the rainfall that will end around mid-October, in order to reduce the impact on the price of paddy that may drop, which type of rice is planted and the mills need. Not repeating banned marks such as "Khao Hom Phuang" or "Khao Kor 61" that the mill refuses to buy. Or still buying but being pressed for a lower price than the same kind of rice, all parties have to prepare a plan to support Source: Department of Internal Trade The Ministry of Commerce revealed to the "economic base" that world rice production in 2020/64 is forecast to increase. The rice production of the main producing countries tends to increase, including China, India, Thailand and the United States, in line with global rice consumption expected to increase. This is ...

Source: Ththansettakij