Rice prices in Thailand, the world’s second-biggest exporter, will probably extend their gains because of shipping delays as migrant workers flee after the military coup, the Thai Rice Exporters Association said.
Rice prices in Thailand are set to advance as much as 8 percent as the lowest rates in five years attract buyers and on speculation the military government won’t allow sales at cheap levels, exporters said.
Rice shipments from Thailand, the second-biggest exporter, are set to increase as the government reduces the price paid to farmers to rein in spending, according to the Thai Rice Exporters Association.
During 10 turbulent years in Thailand, Kittiratt Na-Ranong tackled jobs ranging from president of the stock exchange to manager of the national soccer team, an underperforming outfit nicknamed the War Elephants.
Rice exports from Thailand, the world’s largest shipper, may slump as much as 6.6 percent after deadly anti-government protests hurt sales, compounding the impact of lower global demand, according to an industry group.
Rice shipments from Thailand, the largest exporter, will drop by half from November to January as a state-buying policy raises costs and flooding disrupts transport, according to the Thai Rice Exporters Association.