In the international market, Indian rice is selling for about $50 per tonne less than Thai rice after a bumper crop on the subcontinent, according to association president Rangsan Sabaimuang.

Thai rice is also facing a sharp rise in shipping costs – though its price is still lower than Vietnamese rice, he added.

Rangsan urged the government to find a quick solution to the dropping rice price, noting it would hit the finances of Thai farmers when they harvest their crops in 2-3 months