![]() Producers of packaged rice: In this segment, income will tend to increase gradually, especially for large players that run integrated operations that extend to include milling and exports.The most competitive players will be large integrated operations and mid-sized mills that are able to control costs most effectively. In particular, this will be a problem for small players, which will lose out to mid-sized and large operations and their stronger negotiating position when securing inputs, and this will then mean that small players will have to contend with higher costs. ![]() Rice millers: Although greater opportunities will come with higher outputs, the continuing extensive oversupply of milling capacity will weigh on profits.Against this, though, farmers will face problems that will include their weak market position, especially when negotiating with middlemen and traders, and higher production costs, which are expected to rise from THB 9,831/tonne/year in 2021 to THB 10,500-11,000/tonne/year in 2024 (CAGR 2.5-3.5%) (source: Office of Agricultural Economics). ![]()
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