Thai Rice Price Lowest in Ten Years

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    Hoonzilla
    Hoonzilla
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    The price of milled Hom Mali rice for the month of December as quoted by rice exporters at 15,800 baht per tonne or 8,000 baht per tonne of paddy which is the lowest in a decade.

    The price of Hom Mali rice for 2016-17 crop is steadily plunging because potential buyers have suppressed rice prices in the wake of bumper harvests in most rice-producing countries.

    Export price for milled Hom Mali rice for the month of December was quoted below US$500 or US$490 per tonne which is regarded as the lowest level in ten years.

    The export price of 5% white rice has also dropped accordingly to US$347 per tonne for rice deals to Japan which is regarded as VERY low and is not much different from similar grains from Vietnam and India, Thailand’s main competitors.

    Full story: Thai PBS

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