Miller execs resign amid price slump
Some 30 executive committee members of the Thai Rice Millers Association have stepped down amid criticism that rice millers are behind the recent slump in rice prices. The decision was declared by the the association’s president, Manas Kitprasert, during a news briefing Thursday. Mr Manas stepped down as president. Mr Manas said millers had always followed government policy and adhered to the principle that farmers must be prioritised. However, millers have now been accused of working with politicians to drive down rice prices for political gain. Prime Minister Prayut Chan-o-cha earlier blamed rice mill operators and some local politicians for manipulating rice prices, causing the price plunge. He insisted millers could not afford to buy rice at prices expected by farmers.
