Higher rice prices for farmers this year

 

The country’s major rice exporter says Thai farmers will fetch higher prices for their crops this year as more rice will be exported and prices are increasing.

 

Thai Rice Exporters Association president Chukiat Opaswong said high rice price was projected this year as the Thai jasmine rice price was rising and expected to reach US$ 750-780 per ton.

 

He said 5 percent broken white rice would be sold at US$ 390 per ton and parboiled rice price at US$ 410 per ton.

 

The price of paddy rice was also expected to be 8,500-9,000 baht per ton, higher than the previous year’s 6,000-6,500 per ton.

 

The higher prices would help Thai farmers to gain more income from the selling of rices, he said.

 

Full story: http://englishnews.thaipbs.or.th/higher-rice-prices-farmers-year/

 

 

-- © Copyright Thai PBS 2017-05-14

Rice looks like it may have bottomed:

 

https://www.barchart.com/futures/quotes/ZRN17/interactive-chart

rice has bottomed out. the only people making money off it are the rice dealers not the farmers. this year will be a very bad year for the farmers who have to rely on their crop for money. 

The rice dealers are robbing the farmers. The red shirt government guaranteed price of rice blocked the great profits of dealers. There were an urgent need to let the robbers freedom go on.

 

Good news if it in fact plays out. This government has never done well in the prediction department. The rice growers need to "coop" more. As a stand alone target the millers and others can pick them off at will. 

Edited May 15, 20179 yr by elgordo38