Rice prices likely to rise in world market, says MOC
Rice exports are expected to benefit in terms of prices
from the expected insufficient supply of the output in the world market next
year, according to Thailand’s Ministry of Commerce.
Pasit Pumchusri, the ministry’s deputy spokesman, said
the ASEAN Food Security Reserve Board met recently and concluded the rice
output was on the decline in the global market with stocks likely to drop by
20% late this year, the lowest since 1987. According to the board’s
estimate, the supply of the rice output would not meet the demand next year,
resulting in rice prices in the world market edging up.
Chiangmai Hill 2000 Hotel announces appointment
Chantrakul, Chiangmai Hill 2000 Hotel chairman of
board, recently announced the appointment of a new general manager, Sangworn
Santisuk. Santisuk has more than 20 years experience in the hotel sector, in
Thailand and abroad, and over 5 years experience in Chiang Mai hotels.
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