Farm price index rises slightly in Thailand

The Office of Agricultural Economics of Thailand (OAE) said  the farm price index increased slightly in January from the figure in December last year.

It said the government’s support to rubber price and a higher price of palm oil contributed to a 0.1% increase in the  price index.

But it said prices of cassava and pork have declined due to oversupply in the markets.

It said  farm index is expected to remain the same throughout the month of February.

However it said if compared with January last year, the farm price index dropped  11.12% as most products, except for cassava and palm oil, were cheaper.

Global demand and drought pushed up the prices of both items in January last year, it added.