New rice planing in thailandAs per sources, it has been revealed that according to the commerce permanent secretary Mr Chutima Boonyaprapat, the three parties have agreed to produce 25mn tonnes of rice in 2016-17 instead of the usual 32mn tonnes. The reason behind the drop in production is to keep up with market demands and to reduce rice-farming areas due to drought. In this regard, the plan will be finalized within a month or so. Further, to aid with the new production plan as stated by the Secretary that the commerce ministry is also expected to slash costs of fertilizers, pesticides and harvesting techniques, in addition to raising the standards of rice mills. The plan also entails a domestic marketing strategy, which will see the ministry to secure rice markets and to ensure fair trading practices such as weighing, humidity measurement, price tagging and setting rice trade standards.

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In addition, the Thai Agriculture Ministry has been entrusted with rice cultivation zoning mainly for different types of rice and water management for various cultivation zones in the country. While the ministry is set to implement this new rice plan, the country is bracing itself for another year of drought. The global economic slowdown could also affect Thai rice exports, as narrated by the official of government. According to the data it has also been revealed that total rice exports have been cut down from 10mn tonnes to nine million tonnes in which it includes 4.8mn tonnes of white rice, 2.2mn tonnes of Hom Lee fragrant rice, 2.2mn tonnes of parboiled rice, 200,000 tonnes of sticky rice and 100,000 tonnes of Hom Pathum Thani rice.