Jump to content

Coconut imports fall 27% over first 8 months of 2018


webfact

Recommended Posts

Coconut imports fall 27% over first 8 months of 2018

 

PNECO611009001000801.jpg

 

BANGKOK, 10th October 2018 (NNT) - The Ministry of Commerce has revealed that coconut imports over the first eight months of the year have fallen 27% on the same period last year. It therefore suspects that a recent price slump was caused by overproduction and smuggling.

Director-General of the Department of Foreign Trade, Adul Chotinisakorn said the country’s coconut policy is dictated by the World Trade Organization (WTO) and ASEAN Free Trade Area frameworks, which stipulate clear timeframes and tax thresholds. 

The WTO agreement imposes an import quota of 2,317 metric tonnes per year with duty of 20% from January to March and November to December. Imports outside these time frames incur duty of 54%. The ASEAN Free Trade Area does not impose quotas or duty, but requires that coconut imports occur during the same time frames as the WTO agreement. 

The country imported around 195,000 tonnes of coconuts during the first eight months of the year, a decrease from more than 260,000 tonnes last year. Adul revealed that his department is now conducting an audit of all 29 registered coconut importers to ensure they adhere to their stated purpose of import. Additional measures that will be considered include further tightening quotas and import windows, as well as raising quality standards.

 
nnt_logo.jpg
-- nnt 2018-10-10
Link to post
Share on other sites

I can't believe they import coconuts!!! 

There are tons of coconuts growing up where I live in Korat. Very few people could be bothered harvesting them though. 

Link to post
Share on other sites

3 hours ago, webfact said:

a recent price slump was caused by overproduction and smuggling

 

The smugglers said to themselves, there's overproduction in Thailand, this may be a good opportuntity to smuggle in more coconuts. Somchai's theory of demand and supply.

Link to post
Share on other sites

1 hour ago, Chris Lawrence said:

Have they got pictures of the coconut smugglers getting on or off international flights?

Lord - I have a vision of a coconut mule keistering a coconut up their nether region. 

 

Dateline Bangkok:  X-ray shows foreigner mule caught with intestine full of smuggled coconuts! 

Link to post
Share on other sites

3 hours ago, manarak said:

what... Thailand actually IMPORTS coconuts?

Yes, it's hard to believe especially with the prices at an all time low putting many farms out of business. You can't make this sh1t up folks!

Link to post
Share on other sites

2 hours ago, stanleycoin said:

No, but I believe this suspect,  could be on the loose in Isan. :jap:

coconut.jpg

Down at an Isan fair, one evening I was there
When I heard a showman shouting underneath the flair
I've got a lovely bunch of coconuts...

Link to post
Share on other sites

4 hours ago, Chris Lawrence said:

Have they got pictures of the coconut smugglers getting on or off international flights?

I wonder if they wrap the coconuts in condoms before swallowing them?

Link to post
Share on other sites

6 hours ago, webfact said:

Additional measures that will be considered include further tightening quotas and import windows, as well as raising quality standards.

Situation: Thailand’s domestic coconut demand is projected at 1.1mn tonnes. However, the country produces about 860,000 tonnes of coconuts a year, which is significantly lower than the domestic demand. Therefore, Thailand has to rely on the coconut imports from the neighboring nations as well as from the international marketplaces, which, in turn, reduces the price for Thai coconuts.

 

One possible solution: Thailand considers ban on coconut imports

http://www.fareasternagriculture.com/crops/agriculture/thailand-may-hold-ban-on-coconut-imports

But an import ban is now useless because companies have already filled their import quotas.

http://www.fruitnet.com/asiafruit/article/176148/thailand-considers-coconut-import-ban

As coconut export countries like Indonesia, Myanmar and Malaysia are part of ASEAN, Thailand may not be able to ban their coconut exports to Thailand nor set quotas without negotiations to free trade between Thailand and ASEAN countries.

Link to post
Share on other sites

2 hours ago, djayz said:

I can't believe they import coconuts!!! 

And they export coconut milk that puts pressure on the domestic supply side.

For example Thailand's Theppadungporn Coconut Company Limited (world’s biggest exporter of coconut-milk products) plans to increase market share in high-potential markets such as in the coconut-oil and coconut-chips segment of the US, in the coconut-water segment for Canada and Australia, and the coconut-oil segment in Japan.

http://www.nationmultimedia.com/business/Coconut-milk-company-aims-to-ride-the-worldwide-tr-30272462.html

I'm sure that Thai companies like TCCL will be very interested in any government efforts to increase coconut prices. It will effect their profit margins.

Link to post
Share on other sites

  • 6 months later...
On 10/10/2018 at 6:19 AM, mok199 said:

Falling coconuts cause over 300 deaths a year on beaches around the globe...BEWARE OF WHAT YOU SIT UNDER ...

I lived on "coconut Island" - Koh Samui in 1990, the neighbour on the next plot was walking down to the beach one morning and was killed by a falling coconut, 64 years old, lived on that piece of land all his life, had a morbid fear of coconut trees every since, we have miniature coconut trees at the house - not taking any chances!

Link to post
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...