Vietnam’s high-yield rice causes price drop in Thailand: Thai association

April 03, 2024

The Thai Agriculturist Association (TAA) recently reported a sharp decline in the rice redemption price at the central market in Thailand, primarily due to oversupply caused by farmers cultivating Vietnam's high-yield rice variety, Jasmine 85. The association also warned Thai farmers not to cultivate this variety, as both rice millers and exporters shy away from it. This type produces rice that is dull-white hue and easily damaged during the milling process, according to the Thai Rice Mill Association. Director general of the Thai Rice Department (RD) Natthakit Khongthip said that no Vietnamese rice cultivar has been registered with this department yet. He said the RD is trying to improve local varieties to help Thai rice regain its popularity, but many challenges lie aheadd.

The source of this news is from Tuoi Tre News