Thai rice, which is a key commodity export worth Bt25 billion and a food industry worth more than Bt156 billion, has been “struggling” in recent years, due to weak prices and growing competition. Wiebusch recognises most Thai farmers are deeply attached to family-owned plots but need assistance or make them more profitable. The late King Bhumibol Adulyadej was a strong defender of rice farmers. Had they succeeded, Thai farmers would have been impacted by a rice glut and plunging prices. Wiebusch added that it may be time for discussion to “regulate” rice farming.

Source: The Nation Bangkok October 10, 2017 18:13 UTC