Thai rice farmer Pakasit Jamjaras usually spends his days tilling soil, just like his forefathers. Now he’s been harvesting signatures instead of grain, with a petition to King Bhumibol Adulyadej because the government hasn’t paid for his crop in five months.
At an outdoor market in Hanoi, Vietnam’s capital, Trinh Thi Thanh pays 100,000 dong ($4.74) a kilogram for the pork her family eats more than any other meat. That’s down from 150,000 dong a few years ago, easing pressure on the cost of family meals that had been surging, she said.
Rice production in Thailand, the largest exporter of the grain, may drop to the lowest in eight years as drought and the spread of plant hoppers damage crops, according to the Food and Agriculture Organization.
Myanmar plans to more than double rice shipments as the country that used to be the largest exporter embraces trade and opens its economy, challenging Thailand, Vietnam and Cambodia for sales amid a global glut.
Myanmar, the world’s top rice shipper before five decades of military dictatorship made it Southeast Asia’s poorest nation, plans to double exports over five years, threatening to aggravate a global glut.