Nonthaburi, The Ministry of Commerce emphasizes that it has prepared a plan to take care of important agricultural products in 2024, pointing out that the price of paddy is still high. If any type of agricultural product is low, use government mechanisms to support it. But it will not distort the market. Ready to look from upstream to downstream so that all parties can live together.
Sources from the Ministry of Commerce informed that Mr. Settha Thavisin, Prime Minister and Minister of Finance Let the Ministry of Commerce look at agricultural products. Various crops are not allowed to go down. Because if it’s too low, it will be difficult. The Ministry of Commerce is continuously monitoring various farmer products. Especially important farmer product groups such as paddy rice, cassava, poke rice, palm oil, various types of fruits that will be released according to the season for which plans have been prepared for this year 2024.
However, if we look at the overall price of rice in Thailand at present, the a
verage price is 10-20 percent higher, it is considered a good price according to the market mechanism. Most farmers get a satisfactory price of rice. Meanwhile, other agricultural products’ prices rise and fall according to both domestic and international markets. It’s not too high or too low. which the Ministry of Commerce is closely monitoring In order to prevent farmers from suffering if the amount of produce released to the market is large, it will drive down the price of agricultural products much lower.
In this regard, important agricultural products are monitored by the Ministry of Commerce. If the price is too high Although it will have a positive effect on farmers But it is considered that the cost of raw materials to be produced for consumption must increase accordingly. As a result, the price of destination products that use agricultural raw materials will have to be adjusted up. As a result, consumers will purchase more products for consumption as well. And most importantly, it will be an incenti
ve to smuggle agricultural products from neighbors to sell for profit as well. Therefore, agricultural product administration and management must look at the complete system from upstream to downstream, rather than just looking upstream. The Ministry of Commerce will see that if any agricultural product will have a low price, it will use government mechanisms to intervene in order to prevent the price of that type of product from falling too much on a basis that is not distorted.
Source: Thai News Agency