BANGKOK, 19 February 2015 – The Office of Agricultural Economics (OAE) has revealed that the farm product price index increased slightly in January from the figure in December last year.
OAE Secretary General Luesak Rewtrakulpaiboon said the government’s support to rubber price and a higher price of palm oil contributed to a 0.1% increase in the price index.
However, prices of cassava and pork have declined as they oversupplied the markets. The February index is expected to remain the same throughout the month.
Compared to January last year, the farm price index fell 11.12% as most products, except for cassava and palm oil, were cheaper.
Global demand and drought crisis prompted the prices of both items to skyrocket in January last year.
