marshbags Posted April 14, 2008 Share Posted April 14, 2008 (edited) Bangkok Post, 14-04-2008 Lost: 200,000 tonnes of rice Government sources said on Monday $100 million worth of rice has gone missing from national warehouses. At the same time, rice farmers who still have stocks have openly hoarded the staple, refusing to sell their reserves in a market where prices continue to rise. Official Thai News Agency, quoting Benjamas Kotenongbua a Bank of Thailand official "deeply acquainted with the rice trade" reported that increasing rice prices in the local market have prompted numerous farmers and middlemen to slow, stall or simply stop selling paddy rice to millers, a move which eventually affects exporters. Ms Benjamas said a total of 200,000 tonnes of rice is missing from warehouses nationwide. Damages were estimated at approximately 3.2 billion baht, about US$101.1 million. Unquote :- Ref url for the complete fairy story :- http://www.bangkokpost.com/topstories/tops...s.php?id=127108 I,d stick with the middlemen and Government officialls ( same same from my take ) on this one, not the farmers, i mean US$101.1 million, Jesus The thieving B******s It was predictable, needless to say of course, from day one of the rise and rise of the commodity. Yet another money spinner for the choosen few. This quantity could no doubt feed a good few of the less well off that are struggling with their incomes and rising food prices, MR SAMAK and COHERTS marshbags Edited April 14, 2008 by marshbags Link to comment Share on other sites More sharing options...
teej Posted April 14, 2008 Share Posted April 14, 2008 "Lost"????!?!! Thailand, gotta love it.... Link to comment Share on other sites More sharing options...
pampal Posted April 14, 2008 Share Posted April 14, 2008 They should call the Lost and Found Link to comment Share on other sites More sharing options...
Gravelrash Posted April 14, 2008 Share Posted April 14, 2008 Quite easy to misplace really. Surely you are not infering.... Link to comment Share on other sites More sharing options...
slapout Posted April 15, 2008 Share Posted April 15, 2008 The warehouses used for storage of various comodities here seem to run into this problem on a regular basis. Lamyai went missing, although boxes for storeing were still in warehouse in perfect stacks. Rice is missing and recently the govt said they were going to put guards on warehouse property to stop this type of thing. The trails seem to point toward China, but its like other investigations here, it will fade away with the sunset and the trunk of cash. One poster awhile back mentioned the owers of warehouses may have a connection to some of the Ag ministry personal. It will require better investigation and reporting of same, than has been observed in the past. 200,000 tons at 1200 us / ton and that is confirmed missing. How much more is gone and has not been discovered yet? When are the public and the govt watchdogs going to have their fill of this and put a stop to it? Link to comment Share on other sites More sharing options...
Thai at Heart Posted April 15, 2008 Share Posted April 15, 2008 The warehouses used for storage of various comodities here seem to run into this problem on a regular basis. Lamyai went missing, although boxes for storeing were still in warehouse in perfect stacks. Rice is missing and recently the govt said they were going to put guards on warehouse property to stop this type of thing. The trails seem to point toward China, but its like other investigations here, it will fade away with the sunset and the trunk of cash. One poster awhile back mentioned the owers of warehouses may have a connection to some of the Ag ministry personal. It will require better investigation and reporting of same, than has been observed in the past. 200,000 tons at 1200 us / ton and that is confirmed missing. How much more is gone and has not been discovered yet? When are the public and the govt watchdogs going to have their fill of this and put a stop to it? That would be assuming that it ever made it into the warehouse at all. And how forward thinking to put a guard on buildings holding 100mn+ USD of product. At 180 baht a day with a bottle of sangsom and a truncheon, I am sure he would do a fine job. Whatever the weight of every individual sack may be, it would take hundreds (possibly thousands) of truckloads to move it around. The police seem pretty adept at catching a pick up on the road, one cannot simply move 200,000 mt of anything around without someone knowing about it. Safest way would be that it was paid for and never delivered and has no doubt already left the country a long while ago. Link to comment Share on other sites More sharing options...
PhilHarries Posted April 15, 2008 Share Posted April 15, 2008 Forget sacks! At 50kg per sack you'd be shifting 4 million sacks . My guess is that the rice never existed, or not in the storage facilities, except on paper and invoices . Link to comment Share on other sites More sharing options...
Crushdepth Posted April 15, 2008 Share Posted April 15, 2008 Rice is missing and recently the govt said they were going to put guards on warehouse property to stop this type of thing. They don't have guards already? :-) Most likely, the amount of rice going into the warehouse was simply 'overstated', various people got 'commission' on the extra rice that wasn't actually there and everyone was happy until someone wanted to count it. Looks like agriculture has finally caught up with the construction industry :-) Link to comment Share on other sites More sharing options...
Galong Posted April 15, 2008 Share Posted April 15, 2008 Forget sacks! At 50kg per sack you'd be shifting 4 million sacks .My guess is that the rice never existed, or not in the storage facilities, except on paper and invoices . Now THAT makes more sense. I too find it difficult to believe that a quantity of rice as large as that can disappear. Even if the 'boss' wasn't watching, it would take a long time and a lot of man-power to move it. Certainly they couldn't possibly be that incompetent. Link to comment Share on other sites More sharing options...
Thai at Heart Posted April 15, 2008 Share Posted April 15, 2008 Forget sacks! At 50kg per sack you'd be shifting 4 million sacks .My guess is that the rice never existed, or not in the storage facilities, except on paper and invoices . Now THAT makes more sense. I too find it difficult to believe that a quantity of rice as large as that can disappear. Even if the 'boss' wasn't watching, it would take a long time and a lot of man-power to move it. Certainly they couldn't possibly be that incompetent. Depends on your definition of incompetence. I would believe that they have succeeded handsomely in their chosen line of work. Link to comment Share on other sites More sharing options...
john b good Posted April 15, 2008 Share Posted April 15, 2008 Forget sacks! At 50kg per sack you'd be shifting 4 million sacks .My guess is that the rice never existed, or not in the storage facilities, except on paper and invoices . That's almost certainly what has happened. Truck pulls up at the godown (truck is possibly carrying a load of rice, maybe not carrying anything) Driver goes in, gives the storeman a delivery docket, storeman signs receipt of delivery, driver gives storeman a 1,000 baht note, storeman say thanks and wais driver who wais back then gets into truck and drives to the next gowdown. Process is repeated until the 200,000 tonnes that was never delivered is found to be missing. Why is it that no one is the least bit surprised by all this. TIT Link to comment Share on other sites More sharing options...
Royale Posted April 15, 2008 Share Posted April 15, 2008 Bangkok Post, 14-04-2008Lost: 200,000 tonnes of rice Government sources said on Monday $100 million worth of rice has gone missing from national warehouses. At the same time, rice farmers who still have stocks have openly hoarded the staple, refusing to sell their reserves in a market where prices continue to rise. Official Thai News Agency, quoting Benjamas Kotenongbua a Bank of Thailand official "deeply acquainted with the rice trade" reported that increasing rice prices in the local market have prompted numerous farmers and middlemen to slow, stall or simply stop selling paddy rice to millers, a move which eventually affects exporters. Ms Benjamas said a total of 200,000 tonnes of rice is missing from warehouses nationwide. Damages were estimated at approximately 3.2 billion baht, about US$101.1 million. Unquote :- Ref url for the complete fairy story :- http://www.bangkokpost.com/topstories/tops...s.php?id=127108 I,d stick with the middlemen and Government officialls ( same same from my take ) on this one, not the farmers, i mean US$101.1 million, Jesus The thieving B******s It was predictable, needless to say of course, from day one of the rise and rise of the commodity. Yet another money spinner for the choosen few. This quantity could no doubt feed a good few of the less well off that are struggling with their incomes and rising food prices, MR SAMAK and COHERTS marshbags What we need is Maigo6 to tell us what happened, he know's EVERYTHING about Thailand, no doubt he'll say "why couldn't it have been low life Farangs who took it?" Come on Maigo6 we need to know what happend to the rice? Where are you when we need you?!!!! Link to comment Share on other sites More sharing options...
TheDon Posted April 15, 2008 Share Posted April 15, 2008 Thats way too much rice to go missing, it would take a bloody long time to steal. I say the paperwork like someone mentioned previous is wrong Link to comment Share on other sites More sharing options...
Ricardo Posted April 15, 2008 Share Posted April 15, 2008 Funny how it only goes missing, now that the sale-price has doubled, from what it was when the government acquired it ? ! And I thought the government had repeatedly assured the nation, over the past few weeks, that there wasn't any missing quantity of rice, of this order ? Or are we now supposed to forget the previous 'line'. Link to comment Share on other sites More sharing options...
PhilHarries Posted April 16, 2008 Share Posted April 16, 2008 What we need is Maigo6 to tell us what happened, he know's EVERYTHING about Thailand, no doubt he'll say "why couldn't it have been low life Farangs who took it?" Come on Maigo6 we need to know what happend to the rice? Where are you when we need you?!!!! Are you suggesting that those pesky baggage handlers from Manchester airport had a hand in it? Anyway relax it's only rice, in a few years they'll have spent nuclear fuel rods to play with . Link to comment Share on other sites More sharing options...
sriracha john Posted April 16, 2008 Share Posted April 16, 2008 Link to comment Share on other sites More sharing options...
seagull Posted April 16, 2008 Share Posted April 16, 2008 Look at those tiny little monsters ! Link to comment Share on other sites More sharing options...
PhilHarries Posted April 16, 2008 Share Posted April 16, 2008 Look at those tiny little monsters ! They look suspiciously like farang ants to me . Link to comment Share on other sites More sharing options...
cclub75 Posted April 16, 2008 Share Posted April 16, 2008 Forget sacks! At 50kg per sack you'd be shifting 4 million sacks .My guess is that the rice never existed, or not in the storage facilities, except on paper and invoices . Sure but, eventually... it's the same ! 4 millions virtual sacks. Or 4 millions sacks stolen... Just a difference of method. The only certainty : Some people made a lot of money out of it. Link to comment Share on other sites More sharing options...
seagull Posted April 16, 2008 Share Posted April 16, 2008 Look at those tiny little monsters ! They look suspiciously like farang ants to me . Nah ! These are black ones. Farang ants are the red ones (not in picture). Link to comment Share on other sites More sharing options...
Ricardo Posted April 16, 2008 Share Posted April 16, 2008 Look at those tiny little monsters ! They look suspiciously like farang ants to me . Nah ! These are black ones. Farang ants are the red ones (not in picture). Aren't they the Red-Chinese ants ? Than again, if the rice really has gone over the borders to China, who better to arrange for the transport ? ! Link to comment Share on other sites More sharing options...
sriracha john Posted June 14, 2008 Share Posted June 14, 2008 UPDATE.... more and more missing rice... More rice vanishes as PM vows tighter stock checks Another 288 tonnes of paddy from government warehouses have gone missing, according to Commerce Minister Mingkwan Sangsuwan. The missing paddy comes on top of 13,000 tonnes of milled rice estimated to be missing from the 2.1 million tonnes of official stockpiles. Mingkwan acknowledged yesterday that high rice prices had led to increased theft from government warehouses and fraud by millers seeking to turn rapid profits. Mingkwan shrugged off reports that PM Samak wanted to set up his own inspection teams to audit government stockpiles. Mingkwan said that since taking office in February, he had established a committee to monitor stockpiles every 15 days. ''It's good to help recheck the Commerce Ministry's investigation work to make sure that the rice stocks, which are owned by the people, remain intact,'' he said. Samak announced his decision on Thursday, ordering the PM's Office to form a 1,000-member team to monitor whether government rice now held on behalf of the state by private millers remained intact. Continued here: http://www.bangkokpost.com/Business/14Jun2008_biz24.php Link to comment Share on other sites More sharing options...
sriracha john Posted June 14, 2008 Share Posted June 14, 2008 Related posts on how all this missing rice may end up with Commerce Minister Mingkwan resigning from the Cabinet: Starting here: http://www.thaivisa.com/forum/index.php?s=...t&p=2030284 Link to comment Share on other sites More sharing options...
learnthaipodcast Posted June 14, 2008 Share Posted June 14, 2008 Well I guess someone will get lucky and find the 200.000 tonnes in their backyard.. Link to comment Share on other sites More sharing options...
ajarnmark Posted June 14, 2008 Share Posted June 14, 2008 MR SAMAK and COHERTSmarshbags Are you hired by Fox News? Link to comment Share on other sites More sharing options...
roygsd Posted June 16, 2008 Share Posted June 16, 2008 Bangkok Post, 14-04-2008 Lost: 200,000 tonnes of rice Government sources said on Monday $100 million worth of rice has gone missing from national warehouses. At the same time, rice farmers who still have stocks have openly hoarded the staple, refusing to sell their reserves in a market where prices continue to rise. Ms Benjamas said a total of 200,000 tonnes of rice is missing from warehouses nationwide. Damages were estimated at approximately 3.2 billion baht, about US$101.1 million. Quote Peraps the headline should be: sticky rice attract sticky fingers........................................... guaranteed no officials will be held accountable, and business as usual roy gsd Link to comment Share on other sites More sharing options...
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