Govt imposes measures to keep cassava price up in harvest season

By PETCHANET PRATRUANGKRAI 
THE NATION

 

TO PREVENT the price of cassava falling during the harvest season, the Commerce Ministry will force tapioca traders to keep more stocks of the commodity and export less.

 

From early in the new year through to the end of April, tapioca traders will have to maintain stocks in a proportion of 1.5:1. For every 100 tonnes they export, they will need to keep 150 tonnes in stock.

 

Normally, the stock-to-export ratio for tapioca is 1:2. 

 

Full story: http://www.nationmultimedia.com/news/business/EconomyAndTourism/30302733

 

 

 

-- © Copyright The Nation 2016-12-24

 

That sounds rather familiar.

Apparently, artificially fixing the market price is only illegal when it involves rice.