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Soaring rice prices sow hope and trouble for indebted Thai farmers

CHAI NAT, Thailand After finishing her latest rice harvest, Sripai Kaeo-eam hurriedly cleared her fields and planted a new crop in late August ignoring a Thai government advisory to restrict further sowing of the grain this year to conserve water. "This crop is our hope," said the 58-year-old farmer in Thailand's central Chai Nat province, pointing to her.

Insight: Soaring rice prices sow hope - and trouble - for indebted Thai farmers

Soaring rice prices sow hope – and trouble – for indebted Thai farmers

By Devjyot Ghoshal, Napat Wesshasartar and Pasit Kongkunakornkul CHAI NAT, Thailand (Reuters) - After finishing her latest rice harvest, Sripai Kaeo-e.

Soaring rice prices sow hope - and trouble - for indebted Thai farmers

After finishing her latest rice harvest, Sripai Kaeo-eam hurriedly cleared her fields and planted a new crop in late August — ignoring a Thai government advisory to restrict further sowing of the grain this year to conserve water. "This crop is our hope," said the 58-year-old farmer in Thailand's central Chai Nat province, pointing to her green paddy seedlings only a few inches tall. Sripai, who is trying to dig her way out of more than 200,000 Thai baht ($5,600) of debt, is motivated by the global spike in rice prices, which are close to their highest level in about 15 years after India — the world's biggest shipper of the water-intensive grain — curbed exports.

Soaring rice prices sow hope for Thai farmers