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commodities

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Covid-19 and food security: can emerging economies mitigate rising prices?

Covid-19 and food security: can emerging economies mitigate rising prices?

The Food Price Index, established by the UN’s Food and Agriculture Organisation (FAO) to track monthly changes in international food prices, rose for the eighth consecutive month in January, primarily as a result of Covid-19.

Gold rush hits Thailand as prices surge

The value of gold has rocketed by Bt7,000 per baht weight since the beginning of this year, generating returns of over 20 per cent.

Thailand’s rice exports slump to decade low

Thailand could drop to the world’s third largest rice exporter, after Vietnam and India, as Thai rice exports slump to a decade low of 6.5 million tonnes.

US oil down more than 9% in Asian trade

Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions imposed worldwide to fight the virus.

Thai Rice Export Expected to Drop to 7.5m tons this year

This year’s projection for rice exports remains close to the previous year at 7.5 million tons, the lowest in seven years since 2013 when Thailand exported 6.6 million tonnes of rice.

Thailand’s rice exports hampered by strong baht

Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market (Photo: Bangkok Post)

Palm oil price guaranteed at four baht per kilogram

Commerce Minister Jurin said the price guarantee measure is one of the measures to deal with low palm oil prices. Other measures, such as using biodiesel B10 to produce electricity and tackling palm oil smuggling, have to be implemented