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Floods could take a toll on Thailand’s rice industry. The honorary president of the Thai Rice Exporters Association, Chookiat Ophaswongse, says it’s too early to estimate the value of damages since floods are still happening in many parts of the country.  However, the Kasikorn Research Center estimates that the floods from August and October may cause around 2.9-3.1 billion baht worth of damage to Thailand’s main crop, the Bangkok Post reported today.  The floods may likely delay harvesting of the main crop by two weeks of the 2022-2023 season.  Chookiat said that many importers are afraid of rising rice prices […]

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