Industries urge end to price-capping

Phusadee Arunmas  Ceilings ‘warping market mechanisms’ Authorities are being urged to stop asking for cooperation from businesses to cap product prices, as such practices distort market forces. “In the long term, it is imperative to stop capping product prices,” said Pornsil Patcharintanakul, deputy vice-chairman of the Thai Chamber of Commerce (TCC). “State subsidies should be […]

Experts divided over plummeting rice prices

Phusadee Arunmas Thailand set to retain No.1 exporter spot Rice exporters and academics are still divided over ways to raise paddy prices, which have now tumbled to only 7,500 baht per tonne, half of the 15,000 baht offered by the Yingluck Shinawatra government in the controversial rice-pledging scheme. Nipon Puapongsakorn, a distinguished fellow at the […]

The great rice fiddle

>>When Commerce Minister Niwatthamrong Bunsongphaisan told the sad story of how the current political brouhaha cost Thailand and its noble rice farmers a 1.2-million-tonne rice sale to China, the most common reaction was,”Huh?” This was the sale announced with fanfare last year, proving government-to-government rice sales were viable and successful. To put it another way,it […]