Bloomberg News

Thai Rice Prices Unlikely to Remain High, Riceland’s Vichai Says

October 06, 2011

Oct. 7 (Bloomberg) -- Thailand’s efforts to boost rice prices through direct purchases from farmers will probably fail to support rates over the longer term because of ample supple. said Vichai Sriprasert, president of Riceland International Ltd.

Export prices at $800 per metric ton are unsustainable because of the global economic slowdown and rising supply from countries including India, Vichai said today in a Bloomberg Television interview from Bangkok. Vichai is a former president of the Thai Rice Exporters’ Association.

To contact the reporter on this story: Supunnabul Suwannakij in Bangkok at ssuwannakij@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net


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