SEKSAN ROJJANAMETAKUNThai exporters yesterday signed five memorandums of understanding (MoUs) for a combined 11,000 tonnes of rice and 800,000 tonnes of tapioca chips with Hong Kong buyers at a business matching event organised by the Commerce Ministry. Yesterday, Fu Lai Chun Group also signed a MoU to buy 800,000 tonnes of tapioca chips from PR Intertrade Ltd for US$156 million (5.5 billion baht). "We expect rice prices to improve once we are able to export more." He also expects domestic rice prices to recover sometime soon after the government introduced myriad measures to shore up prices and teamed up with the private sector to promote sales. Unlike farmers in the Northeast, most of the rice farmers in the Central Plains have no barns for storing rice because they usually sell it immediately after harvest.

Source: Bangkok Post November 14, 2016 23:26 UTC