Thai Rice Exporters Association: Rice exports unaffected by northeastern floods

 

BANGKOK, 8 August 2017 (NNT) - The President of Thai Rice Exporters Association stated that northeastern floods have not affected rice exports. 

Mr. Charoen Laothammathat, President of Thai Rice Exporters Association spoke regarding the northeastern floods stating that the disaster have not affected rice exports, because rice exports rely mainly on in stock jasmine rice, while the new season’s jasmine rice will be harvested during November to December. He noted the global market price of jasmine rice rose to 850 US dollar up from 800 US dollar last month, due to increasing demand. 

Thai Rice Exporters Association will visit the flooded areas to survey jasmine rice farm in the Northeast and assess the situation to calculate whether production could drop and affect next year's rice exports. 

However, most of the northeastern provinces are located on highlands, and they are unlikely to be severely affected. As for the lowlands, rice fields could be damaged but not to an extent that the overall rice yield will be affected.

 

-- nnt 2017-08-08

Well of course! Thailand's economy is never effected by anything. Everything is always great. Say otherwise and we'll pop along for a friendly chat to remind you of how great life is. 

7 hours ago, webfact said:

calculate whether production could drop and affect next year's rice exports

With higher demand it would behoove the government to limit jasmine rice export to further drive prices upward if production hasn't been affected. Stockpile reserve as necessary to release when production is down (ie., drought period) while demand is high. It doesn't merit being the number one rice exporter in the world while making little or no profit as the farmer level. Ego needs to take a back seat to a sustaining economy.