Commerce Ministry to keep rice price from falling below 8,500 baht per ton

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BANGKOK, 18 September 2014 – The Ministry of Commerce has agreed to meet with rice growers’ representatives every two weeks to ensure stability of rice price is achieved and to address the demands of rice growers. 

Commerce Minister Chatchai Sarikanlaya yesterday met with representatives from five rice growers’ organizations to discuss measures to aid rice growers, the appropriate price of rice and the marketing of rice. It was agreed at the meeting that the government would work to keep the rice price from falling below 8,500 baht per ton. Measures to ensure this price level would vary according to circumstances. For the long run, cost of producing rice would be reduced and improvement made to the yield per rai of paddy.

The representatives of rice growers and Commerce Ministry officials will meet every two weeks to follow up on these drives, with the first meeting set to take place next week, said the Commerce Minister.

The Ministry of Commerce is also looking to implement the same model to oversee issues of other crops.