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Vietnam imports may drag down Thai rice to Bt5,000 per tonne

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Vietnam imports may drag down Thai rice to Bt5,000 per tonne

By The Nation

 

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Farmers in the northeast province of Kalasin have called on the government to impose penalties on the importers of rice from a neighbouring country, saying that the practice has led to price decrease in the domestic market .

 

The province has not been affected by drought. 

 

Concerns grew among farmers on Thursday (Feb 20) after learning that traders had placed orders for rice from Vietnam at a cheaper price of Bt4,000 to Bt5,000 per tonne.

 

Farmers had a good year in 2019 with unmilled sticky rice selling at Bt12 per kilogramme and unmilled rice at around Bt15 to Bt18 per kg. They were hoping that prices would at least be Bt10-12 per kg this year, in order to make a proft, according to Prapad Phuwongkod (66), an ex-member of Kalasin Rice Farmer Association.

 

As drought persists in most farming areas, Prapad said rice from new harvests is estimated at around Bt10,000 - Bt12,000 per tonne this year and around Bt15,000 - Bt20,000 for unmilled rice.

 

Given rice from Vietnam is priced Bt4 - Bt5 cheaper than Thai produce per kilogramme , Farmer are concerned since the government did not a policy to import rice this year. 

 

They asked the government and related agencies to investigate and issue measures on rice import from Vietnam, on the grounds that it would drag down Thai rice price and lower quality.

 

Prapad said price might drop to Bt 5,000 per tonne from the previous estimate of Bt20,000.

 

Source: https://www.nationthailand.com/news/30382504

 

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-- © Copyright The Nation Thailand 2020-02-21
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How can the Vietnamese grow their rice so much cheaper? 

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27 minutes ago, baansgr said:

Its also better, the quality especially of Thai Jasmine rice has deteriated immensely over the past 5 years.

Our favorite delivery restaurant uses jasmin rice (according to my wife) but it consists of tiny pieces, no nice large grains...the taste is good though but it looks like b-choice or something inferior..

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1 minute ago, Matzzon said:

I have a better question, though! How can the Thai farmers be so stupid, that they think Thailand can tell Vietnam to sell their rice for a higher price?

They aren't.  They're asking the Thai government to impose higher tariffs on imported rice.

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jasmine fragrant gives away to Orange tainted

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