Jasmine rice to be more expensive after Songkran

Published : March 17, 2012 :: 12:03:50 [ 1,388 views ]

Jasmine rice to be more expensive after Songkran

BANGKOK, 17 March 2012 - Thai Rice Packers Association has warned consumers to prepare to dig deeper into their pockets as jasmine rice will be more expensive after the Songkran festival.

Jasmine rice is expected to be at least THB10 higher per pack due to the jump in raw material costs including oil prices and the minimum wage.

Prices of white rice remain unchanged as April and May are the harvesting season for the second rice crops. Therefore, produce should be in surplus.

However, the Thai Rice Packers Association warned that the government rice mortgage scheme would affect the market mechanism and that the amount of rice in circulation would go down in the future.

Meanwhile, the Internal Trade Department disclosed that some middlemen were hoarding limes for price speculation. Such an act has worsened the difficulty of consumers who already have to pay as much as eight baht for a lime since the supply is very limited during March and April.

According to the Department, anyone found to hoard limes for price speculation will face a fine of up to THB 140,000 or a jail term of up to seven years or both.

Report by : NNT

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