Thailand to support rice market as prices fall

Published 2025년 2월 20일

Tridge summary

Thai Commerce Minister Pichai Naripthaphan is planning a meeting to develop strategies to stabilize rice prices, following a significant drop of approximately 17% this year. This decline is largely due to India's decision to relax export restrictions, resulting in an oversupply in the market. The situation has led to protests from Thai farmers, who are calling for government assistance as they face challenges with the new rice crop harvest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Thai Commerce Minister Pichai Naripthaphan will hold a meeting on rice policy and management on February 20 to come up with measures to support rice prices, according to the country's commerce ministry. Prices of Thai 5% broken white rice have fallen about 17% this year, according to the Thai Rice Exporters Association. This comes after India eased restrictions on rice exports due to a favorable monsoon season, which has led to more abundant supply in the market. With rice prices plummeting to their lowest since late 2022, Thai farmers staged a protest at Government House on February 19 to demand government support, ...
Source: Vietstock

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