Thailand's Ministry of Commerce plans to raise rice prices

Published Mar 5, 2025

Tridge summary

The Thai Ministry of Commerce is taking steps to increase rice prices due to a decline in the market. This includes holding a meeting to formulate support measures, organizing rice market fairs in 20 provinces, and providing special credit support to rice companies. The ministry also plans to sign a memorandum of understanding with South Africa to expand rice exports by 300,000 tons, and explore new markets in the United States, Europe, and the Philippines.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Thai Ministry of Commerce is taking measures to increase rice prices, including approving emergency measures to deal with falling rice prices. It plans to hold a meeting of the National Rice Policy and Management Marketing Subcommittee to focus on formulating support measures. It is organizing rice market fairs in 20 provinces in the Chao Phraya River Basin, and the event is expected to increase prices by 100-200 baht per ton. It is working with the Export-Import Bank of Thailand to provide special credit support to rice companies. To expand rice exports, Phichai plans to visit South Africa in March to sign a ...
Source: Foodmate

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