Prices of agro-products begin to decline as rainy season approaches


BANGKOK, 10 July 2013 Deputy Prime Minister and Commerce Minister Niwatthamrong Bunsongphaisan said most commodity prices remain unchanged while some have even decreased due to a large supply of agricultural produce that pour into the market. 

The Deputy Prime Minister said after visiting Yingjaroen Market in Bangkhen district that the rainy season has provided ideal conditions for fruit and vegetable growing. The higher amount of fresh produce supplied to the markets has forced the prices of certain items to go down.

He reported no unusual pricing was found during his inspection. The Ministry of Commerce will report the findings to the meeting of a workshop set up to oversee the Thai economy and stimulus measures chaired by the Prime Minister, scheduled for July 12.

The report will include commodity price movement, marketing situation and the export situation so that new economic stimulus measures will be issued for the latter half of this year.

As for the quality of the stockpiled rice under the rice pledging scheme, he insisted that it is free of chemicals and that whoever started the contamination rumor certainly did it for political reasons. The unfounded accusation, he said, could potentially affect the exports of Thai rice to the global market.