Demand for Thai rice may increase by about 10%

The demand for Thai rice is booming The price may rise by about 10% According to the Thai Agricultural Economics Office, the price of rice in Thailand may rise by about 10%, because rice in Pakistan and China was affected and boosted the export demand of Thai rice. Thailand's 100% B-grade rice prices may rise from the current level by 40 to 50 US dollars.

On September 1, Thailand's 100% Grade B rice was quoted at US$494 per ton. Rice production in Thailand in 2010/11 (October-September) may remain unchanged from the current year, as the impact of early droughts may be offset by improved yields due to rainy weather.

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