Thailand and Vietnam have agreed to cooperate to raise the price of rice on the global market, a Thai agricultural official said on Monday, after months of negotiations aimed in part at improving rural incomes.
“This is the first time that Thailand and Vietnam have agreed to cooperate to raise the price of rice on the global market,” Alongkorn Ponlaboot, adviser to Thailand’s Minister of Agriculture and Cooperatives, said in a statement following a new round of talks with officials. vietnamese.
Thailand and Vietnam began negotiations in May. A Thai spokesman then said that the aim was to raise the price of its rice exports, increase its influence in the global market and increase farmers’ incomes.
The two countries account for about 10% of global paddy rice production and about 26% of global exports, according to the US Department of Agriculture.
It was not immediately clear when the price increases would take effect.
Source: CNN Brasil
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