webfact Posted October 9, 2018 Share Posted October 9, 2018 Coconut imports fall 27% over first 8 months of 2018 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 2018-10-10 Link to comment Share on other sites More sharing options...
manarak Posted October 9, 2018 Share Posted October 9, 2018 what... Thailand actually IMPORTS coconuts? Link to comment Share on other sites More sharing options...
Chris Lawrence Posted October 9, 2018 Share Posted October 9, 2018 1 hour ago, webfact said: It therefore suspects that a recent price slump was caused by overproduction and smuggling. Have they got pictures of the coconut smugglers getting on or off international flights? Link to comment Share on other sites More sharing options...
mok199 Posted October 9, 2018 Share Posted October 9, 2018 Falling coconuts cause over 300 deaths a year on beaches around the globe...BEWARE OF WHAT YOU SIT UNDER ... Link to comment Share on other sites More sharing options...
stanleycoin Posted October 10, 2018 Share Posted October 10, 2018 1 hour ago, Chris Lawrence said: Have they got pictures of the coconut smugglers getting on or off international flights? No, but I believe this suspect, could be on the loose in Isan. Link to comment Share on other sites More sharing options...
djayz Posted October 10, 2018 Share Posted October 10, 2018 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 comment Share on other sites More sharing options...
Darcula Posted October 10, 2018 Share Posted October 10, 2018 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 comment Share on other sites More sharing options...
connda Posted October 10, 2018 Share Posted October 10, 2018 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 comment Share on other sites More sharing options...
RichardColeman Posted October 10, 2018 Share Posted October 10, 2018 3 hours ago, webfact said: It therefore suspects that a recent price slump was caused by overproduction and smuggling. Probably smuggled in carefully hidden under a lorry of imported Tree rubber Link to comment Share on other sites More sharing options...
fullcave Posted October 10, 2018 Share Posted October 10, 2018 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 comment Share on other sites More sharing options...
Lupatria Posted October 10, 2018 Share Posted October 10, 2018 2 hours ago, stanleycoin said: No, but I believe this suspect, could be on the loose in Isan. Down at an Isan fair, one evening I was thereWhen I heard a showman shouting underneath the flairI've got a lovely bunch of coconuts... Link to comment Share on other sites More sharing options...
SABloke Posted October 10, 2018 Share Posted October 10, 2018 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 comment Share on other sites More sharing options...
Bluespunk Posted October 10, 2018 Share Posted October 10, 2018 5 hours ago, manarak said: what... Thailand actually IMPORTS coconuts? I’m more thrown by the claim of coconut smugglers. Link to comment Share on other sites More sharing options...
Srikcir Posted October 10, 2018 Share Posted October 10, 2018 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 comment Share on other sites More sharing options...
Srikcir Posted October 10, 2018 Share Posted October 10, 2018 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 comment Share on other sites More sharing options...
cookieqw Posted October 10, 2018 Share Posted October 10, 2018 7 hours ago, manarak said: what... Thailand actually IMPORTS coconuts? Exactly what I was thinking Link to comment Share on other sites More sharing options...
mr_lob Posted October 10, 2018 Share Posted October 10, 2018 Why did https://coconuts.co/ not cover this story? Not enough meat for them? Link to comment Share on other sites More sharing options...
CGW Posted May 2, 2019 Share Posted May 2, 2019 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 comment Share on other sites More sharing options...
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