Min of Commerce stabilizes cassava prices

Min of Commerce stabilizes cassava prices

SURIN, 20 September 2017 (NNT) - Director General of the Department of Internal Trade Suchart Sinrat met with cassava importers and exporters in Surin province to listen to their problems after prices of cassava began to decline. 

Suchart, who serves as an acting advisor to the Ministry of Commerce, attended the meeting with tapioca traders. 

His visit was to introduce a policy measure aimed at maintaining cassava prices and stabilizing the market. 

Most cassava processing plants have stopped buying cassava from the farmers because the starch content of the crop has declined due to the rain. 

Though importers are still allowed to import cassava from a neighboring country, they are required to present documents showing the origin of the crop. 

In addition, public agencies overseeing cassava are looking for a way to increase the use of cassava in the production of ethanol in order to prevent the prices from going further down.

 

-- nnt 2017-09-20