Drought and China’s rice deal send paddy price up by 1,000 baht/tonne



BANGKOK: -- Drought and rice export commitment with China have driven the price of paddy by about 1,000 baht per tonne, said Mr Manas Kitprasert, president of Thai Rice Millers Association, on Monday.

He explained that drought has damaged many rice farmland and was expected to substantially cut main-crop paddy production. The cutback in production plus the commitment to deliver one million tonnes of milled rice to China under government-to-government deals have driven up the price of paddy to an average of 1,000 baht per tonne.

Latest paddy prices in the rice market are as follows: 8,200-8,700 baht per tonne for white rice with 15 percent humidity compared to about 7,000 baht/tonne about three weeks ago; 12,500 baht per tonne of 5% white rice compared to 11,000-11,500 baht/tonne; 13,000-15,000 baht per tonne of Hom Mali; 13,000 baht/tonne of Hom Pathum rice.

Export (FOB) prices are as follows: US$1,046 per tonne of Hom Mali rice; 5% white rice, US$390 per tonne; 100% parboiled rice, US$399.

Source: http://englishnews.thaipbs.or.th/drought-and-chinas-rice-deal-send-paddy-price-up-by-1000-bahttonne

-- Thai PBS 2015-07-13

That picture made me loose my appetite for rice.

mill price may be up but the farm gate price is what is of most concern and much more critial to local economy farmers than additional money for miller and other middlemen. get the cash where it is most needed not to a selected group of leaches who have sucked any and everything possible for they own stongbox/safe

those who perform the least labour, gets the most cash

how does a crop that cost 10-12 baht per kilo for the farmer (if lucky) become a 30 - 50 baht per kg item in the shop ?

middle men, transport & super markets