Festive period likely to boost rice prices
Rice prices are forecast to increase by as much as 10% late this year and early next year thanks to year-end festive celebrations and lower supply.
Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association, said rice prices were likely to rise by 8-10% in December and January, the period that sees most active shipments induced by high demand for Christmas and New Year celebrations.
