Crop products and commodities

The Energy Ministry has ordered the Energy Business Department to discuss with Thai oil traders the prospect of using blockchain to facilitate palm oil trade.A blockchain system would cut out the middleman between palm planters and palm oil mills, in theory allowing planters to sell ...

The Bank for Agriculture and Agricultural Cooperatives (BAAC) research centre forecasts that the price of rice and other agricultural products will increase in May, while the rubber price will fall.The BAAC expects to see rising prices for paddy rice, jasmine rice, sticky rice, maize, raw ...

One of the effects of the Covid-19 outbreak has been the rise in world food prices. The price of rice, the staple food of most people in Asia, has hit its highest level in seven years.The market reference price of white rice 5 per cent ...

A special working group will be formed to speed up compensation to five injured parties in the bogus government-to-government deals under the infamous rice-pledging scheme, said Suppharoek Iam-la-o, acting director of the Marketing Organisation for Farmers (MOF), one of the affected parties.The committee was set ...

The Ministry of Agricultural and Cooperatives plans to promote online sales of Thai agricultural produce through collaboration with e-commerce platforms, such as Lazada and Shopee, said minister Chalermchai Srion.“Preliminarily, Lazada has accepted our proposal ” he said. “We need standardised produce and have selected farmers ...

The COVID-19 virus will cost Thai exporters of farm produce more than Bt5 billion in the first half of the year, the Ministry of Agriculture and Cooperatives declared on Wednesday (February 26).Alongkorn Ponlaboot, an adviser to the minister, said the number of foreigners visiting Thailand ...

Thailand is scaling back production forecasts for key agricultural commodities because of a drought, dealing a further blow to the country’s struggling economy.Rice, rubber and sugar are among the crops that help to sustain 11 million jobs, drive consumption and color the political mood of ...

Thailand risks losing its place as the world’s second biggest rice exporter this year thanks to weaker competitiveness and a lack of rice varieties to cater to changing market demand.Charoen Laothamatas, president of the Thai Rice Exporters Association, said amid stiff competition, relatively higher production ...

Sugar production in Thailand is expected to fall 28% to a nine-year low of 10.5 million tonnes in the current crop season as drought curtails cane supplies, according to Rangsit Hiangrat, director-general of Thai Sugar Millers Corp.The reduced production for 2019-20 will limit shipments from ...

The Energy Ministry is preparing to adopt food traceability technology by June to prove that crude palm oil is locally produced and prevent smuggling from neighbouring countries, aiming to deal with the huge annual surplus.Energy Minister Sontirat Sontijirawong said the ministry will randomly inspect crude ...