April 2, 2008
Bangkok - The price of the 100% white rice and jasmine rice are expected to reach 1,000 and more than 1,000 US dollar per ton respectively.
Mr. Chookiat Ophaswongse, president of the Rice Exporters Association, expects the price of the 100% white rice will reach 1,000 US dollar per ton while the price of the jasmine rice will rise over 1,000 US dollar as well.
The price of the 100% white rice is currently at about 556 US dollar while the price of the jasmine rice at about 790 US dollar.
Mr. Pramote Wanichchanont, former president of the Thai Rice Mills Association, believes the price of jasmine rice in the world market should rise over 1,000 US dollar.
The price hike is driven by China’s jasmine rice demand for the Olympic Games participants. The Olympic Games will take place in August 2008.
As a result, the price of the domestic jasmine rice will be up to 20,000-30,000 baht per cart.
