The Thai Office of Agricultural Economics (OAE) has warned that the price of Thai rice from April to May might plummet after the rice pledging scheme ended and rice from Vietnam entered the market.

OAE Secretary-General Khanit Likhitwithayawut said Thai rice price has continuously dropped since the beginning of 2014 due to the termination of the rice subsidy programme. The government’s urgent rice distribution, rice from Vietnam and lower quality February rice were also the causes of the price drop.

However, the price fall will help raise Thai rice exporters’ competitiveness, the official said.

An average price of husked rice with 15 percent moisture content in March is 7,644 THB per tonne, compared to 10,158 THB per tonne in the same period last year.-VNA