more on the research report
veteran Bangkok Post columist and former editor Veera Prateepchaikun provides more important insights into Dr.Nipon's repost.
Dr.Nipon admits there might be collusion going on to suppress the rice price,but it was not the fundamental cause for the fall in rice price.
He also criticized the way the government sent military personnel and officials to check were houses of rice millers suspected of involvement I price collusion unreasonable.
Panic speculation as cause of price slump
Dr.Nipon blamed panic price speculation by exporters as the actual cause of the sudden price slump in rice.
He said some exporters has clinched forward rice deals with overseas customers by setting the future price at us$548(19190baht)per tonne for the first lot of rice to be delivered in decemcer from the November crop,while the spot rice than was us$720.