Thai Commerce Ministry begins new rice sale with high hopes

[webfact]

Commerce Ministry begins new rice sale with high hopes

 

 

BANGKOK, 1st November 2017 (NNT) – The Ministry of Commerce has been contacted by over 200 foreign buyers in connection with its latest rice sales with expectations the sales will net over 30 billion baht. 

Minister of Commerce Aphiradee Tantraporn has made known that negotiations to sell rice from state stocks has begun, with over 200 buyers from 25 different countries and over 100 domestic buyers expressing interest in buying the rice. She said sales so far are in keeping with Commerce Ministry policy to push Thai rice into the world market. 

The ministry has had all of its representatives around the world contact potential buyers and is expecting to see 586 million baht in immediate sales, with back-orders over the coming year expected to reach 30 billion baht in value.

 

It is also signing eight Memorandums of Understanding with major foreign rice importers and Thai buyers such as 759 Store, which supplies rice to 224 supermarkets throughout Hong Kong.

 

That one company has ordered 10,000 tons of Jasmine rice and up to 4,000 tons of other strains such as Rice Berry. Government to Government deals have also been struck with nations such as Bangladesh, which has ordered 150,000 tons of rice at a value of 69.75 million USD. 

The ministry has made plans to connect rice mills with relevant agencies in line with a new Demand Driven approach being applied initially in Buriram, Surin and Si Sa Ket. The Department of Foreign Trade has been directed to survey demand in foreign markets and to promote Thai rice. 

From January to September this year, Thailand exported 8.23 tons of rice, worth 3.5 billion USD, 15.79 percent higher year-on-year. Major markets for Thai rice have been the Republic of Benin, China, the US, South Africa and Cameroon. 

Aphiradee voiced confidence that her office will hit the 11 million tons of exported rice target it has set, especially as interest from Hong Kong has grown and new strains with properties such as diabetes mediation have been created.

 

-- nnt 2017-11-01

[wirat69]

2 hours ago, webfact said:

Aphiradee voiced confidence that ... new strains with properties such as diabetes mediation have been created.

Really? Diabetes Mellitus requires medication rather than mediation!!!

 

A separate article in the “Rice Paper News”, commented Aphir, a dizzy hack, had been rice created!!

[Happyman58]

Maybe they can hire the ex-prime minister as a consultant  She is good at making rice deals

[ratcatcher]

5 hours ago, webfact said:

She said sales so far are in keeping with Commerce Ministry policy to push Thai rice into the world market. 

I would have thought that by 2017, Thai rice would be well entrenched in the world market.