Issues Surrounding the Rice Price of Thailand from 2003 to 2013

Abstract

Thailand is always one of the top export rice in the word. During the year 2003 to 2013, there were many issues that affected the rice price of Thailand. So that, rice production in Thailand used to have a lot differentiations in Arable Land, Rice Area, Paddy Yield, Paddy Production, Milled Production, Rice Imports, Rice Exports, etc. In this research paper, there will be some evaluation about rice productions of Thailand between 10 years from 2003 to 2013. While analyzing elasticity of rice price between Vietnam and Thailand which white rice is the main objective, the researchers find out that white rice in both countries is inelasticity product which means it is very popular and few subtitles. These comparisons will help audiences have general views about Thailand rice production during this period of time; and look at advantages and disadvantages when comparing to the neighbor country is Vietnam. Finally, with those realistic assessments, this research paper contributes another view about rice – the most important crop of Thailand.