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Bangkok Post
Bangkok Post
Business

Hiking of rice price by Thailand, Vietnam ‘impossible’ - export body

A farmer in Mae Hong Son province threshes rice paddy in 2017. (Photo: Pattarapong Chatpattarasill)

A pact between Thailand and Vietnam to raise rice prices would be "impossible", a top industry official said on Monday, in another sign of opposition to a government-proposed plan for a rice cartel amid a global food crisis.

The government said on Friday it planned with Vietnam to create a pact between the world's second- and third-largest rice exporters to boost their bargaining power and help mitigate rising production costs.

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