Rice in Thailand

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donpaulo
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Rice in Thailand

I just returned from a brief vacation in Thailand and got some on the ground experience in how the rains and flooding there has adversely affected this season's rice crop.

Wow, was there a lot of water.

It can't be good for rice production, especially in the rice growing regions.

Retail prices were approx $1.25 per kilo of jasmine rice at the big box store outside Chiang Mai, with stock levels at half or less normal levels.

Since Thailand and Vietnam are among the largest exporters of the crop there should be an increase in pricing, then again the market has probably already taken that into account as the Thai flooding news is 5 or 6 weeks old as of this posting.

I just felt it was worth posting what I personally saw with my own eyes.

Edited by admin on 11/08/2014 - 06:18
Eric Original
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Looking for a replay of the

Looking for a replay of the Summer of '08 Rice spike perhaps?  That would not be good news.

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Art Lomax
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Rice in Thailand

@donpaulo,

Thanks for the rice update. Looks like this is factored in the market, as India and Pakistan have filled the void. Nothing to get bullish about at this time.

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