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Farmers in Phichit province in Thailand complained that mills are offering Bt8,500-9,000 per tonne for moist rice and Bt10,500-11,000 for dry jasmine rice, below their expectations. They asked the government for price guarantee measures, and local officials have asked buyers for fairer prices.
Low farmgate offers tied to humidity and an expected harvest of about 290,000 tonnes point to weak local paddy prices, which can add pressure to Thai rice export quotes.
nationthailand.comNov 4, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
