Thai Floods Lead to Rising Veggie Prices Amid Supply Disruption

Weeks of relentless flooding across several provinces in Thailand have led to significant supply chain disruptions, impacting agricultural prices and availability.

Flooding in Thailand's northern region, spurred by heavy rains since July, has notably diminished crop yields, with a resultant surge in vegetable prices. The Ministry of Commerce is closely monitoring this trend, recognising its widespread impact.

Wattanasak Sur-iam, Director-General of the Internal Trade Department, noted a marked increase in the prices of bok choy, cabbage, coriander, and spring onion due to these harsh weather conditions. Despite the supply challenges, major markets in central areas continue to receive vegetable deliveries from regions less affected by the flooding.

Agricultural commodity prices have been pushed higher, with Hom mali paddy rice, white paddy rice, and sticky paddy rice now priced at 16,050, 11,300, and 13,900 baht per tonne, respectively. Tapioca is at 2.95 baht per kilogramme, maize at 11.4 baht per kg, and oil palm at 6.5 baht per kg. However, meat and aquatic prices have remained relatively stable, providing some relief amidst the rising cost of vegetables.

“This is a golden year for Thai fruit,” Sur-iam commented, highlighting the stable and high prices of durian and mangosteen, which have recently been harvested in the south. Longkong's yield, expected next month, is projected to be significantly lower by 30 to 40% as more farmers pivot to durian cultivation.

In response, the Internal Trade Department is actively collaborating with markets and communities to mitigate living costs, selling low-priced agricultural products through 100 mobile units across Bangkok and various sales points in community areas. Additionally, provincial offices are tasked with ensuring a stable supply of vegetables by connecting with production sources, thereby addressing potential shortages and high prices.

The government's swift intervention is crucial as the nation navigates the dual challenges of supply disruption and price inflation brought by these severe floods.

File photo for reference only

-- 2024-09-02

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