Coconuts to become a controlled product in the interests of pricing

[webfact]

Coconuts to become a controlled product in the interests of pricing

 

 

 

BANGKOK, 26th October2018 (NNT) – The Central Goods and Services Pricing Committee has agreed to add coconuts to a list of controlled products, subject to regulated importation, after the price dropped from 5 baht to just over 4 baht in August. 

A meeting of the committee chaired by Minister of Commerce, Sonthirat Sonthijirawongagreed that all coconut products, from fresh coconuts to processed coconut flesh, should be regulated by the state to maintain appropriate pricing. 

Coconuts are only to be imported through ports in Bangkok and Laem Chabang, with entry through any other region to be considered smuggling. Transportation of coconuts will also be restricted to no more than 7 tons at a time, 2.5 tons for coconut flesh and 1.5 tons for dried coconut. Transport exceeding the limits must receive authorization, with penalties of an up to 100,000 baht and five years in prison possible. The controls are to be put to the next Cabinet meeting and may last up to seven months. 

At the same time, oil palm growers in the southern region gathered on Thursday (October 25) at Krabi Provincial Hall to hear responses to six demands they made on October 17. 

Chairman of the Warehouse Committee Pol Lt Gen Kraiboon Suadsong was sent to lead negotiations with the group. He assured them that their demands would be put to the government after November 1 as a meeting of the National Palm Oil Policy Commission is scheduled with Deputy Prime Minister Gen Prawit Wongsuwan who is to chair it. The group agreed to dissolve but said they would assemble again in seven days to hear about progress.

 

-- nnt 2018-10-26

[NCC1701A]

49 minutes ago, webfact said:

should be regulated by the state to maintain appropriate pricing. 

buy all the coconuts and put them in a warehouse. see what happens.

[RotMahKid]

49 minutes ago, webfact said:

A meeting of the committee chaired by Minister of Commerce, Sonthirat Sonthijirawongagreed that all coconut products, from fresh coconuts to processed coconut flesh, should be regulated by the state to maintain appropriate pricing. 

Thai state loves to regulate prices and I suspect them to do that also with the Thai baht. Thailand is only getting more expensive for tourist from a lot of countries to come here.

[Bluespunk]

52 minutes ago, webfact said:

A meeting of the committee chaired by Minister of Commerce, Sonthirat Sonthijirawongagreed that all coconut products, from fresh coconuts to processed coconut flesh, should be regulated by the state to maintain appropriate pricing. 

Appropriate pricing is what the market determines the price to be. 

[Bob12345]

As always it is a smaller, and most of the time vocal, group that profits while the larger and quiet group (the silent majority) of consumers are the ones picking up the bill.

Who wins: the growers of coconuts
Who pays: all the consumers of coconuts

 

The growers will protest but the consumers won't go to the street for 1 baht per coconut difference. So F the consumers.

[topt]

3 hours ago, NCC1701A said:

buy all the coconuts and put them in a warehouse. see what happens.

According to this it is partly because of imports.......(apologies if I am not supposed to post the link)

https://news.lovepattayathailand.com/local/oversupply-and-imports-hit-thailands-coconut-industry/

Quote

Coconut suppliers in the south of Thailand are deep in debt with 40 million coconuts in stock and few buyers. Coconut lhong, or middleman-run warehouses in Thap Sakae district in Prachuap Khiri Khan just south of Bangkok, have debts of more than 200 million baht (US$6.1 million).

The reason for the large amount of unsold fruit is that many factories have been buying imported coconuts instead of the locally-grown ones from the warehouses. 

 

[Cake Monster]

Are there not more important issues of state to deal with, such as the bombs and shootings in the South of then Country ?

[Redline]

Coconut palms are grown in more than 90 countries and territories of the world, with a total production of over 59 million tonnes in 2016

 

They still think the are separated from the world. 

[sensei]

They are about to legalize weed and ready to regulate coconuts

Coconuts

Yes, they are coconuts 

[connda]

But then they sell them in the markets for 12 to 15 THB each and 40 THB if it's husked. 
Somebody's making a killing other than farmers.

[observer90210]

Price drop ? really ?!....in BKK they still sell between 30 THB and 40 THB...so the margin does not seem all that bad, unless I missed something ?

[hotchilli]

22 hours ago, Bluespunk said:

Appropriate pricing is what the market determines the price to be. 

Except in Thailand where the government decides what prices should be instead of market forces!

[gunderhill]

21 hours ago, Bob12345 said:

As always it is a smaller, and most of the time vocal, group that profits while the larger and quiet group (the silent majority) of consumers are the ones picking up the bill.

Who wins: the growers of coconuts
Who pays: all the consumers of coconuts

 

The growers will protest but the consumers won't go to the street for 1 baht per coconut difference. So F the consumers.

Please  tell my Wife that????

[Cadbury]

On 10/26/2018 at 9:43 AM, webfact said:

Coconuts are only to be imported through ports in Bangkok and Laem Chabang, with entry through any other region to be considered smuggling

How do they plan to control the prices of smuggled coconuts? How do they tell the difference between a legally imported coconut and a smuggled coconut?

The next predictable move by the committee will be to appoint an army of coconut inspectors. 

[MyFriend You]

On 10/26/2018 at 7:38 AM, Bob12345 said:

As always it is a smaller, and most of the time vocal, group that profits while the larger and quiet group (the silent majority) of consumers are the ones picking up the bill.

Who wins: the growers of coconuts
Who pays: all the consumers of coconuts

 

The growers will protest but the consumers won't go to the street for 1 baht per coconut difference. So F the consumers.

macroeconomics = supply and demand

I grow miniature Thai Coconut trees in my farm in Vietnam, they produce about 50-75 coconuts per plant compared to 20-30 the Tall Vietnamese coconut trees do.

 

[rickudon]

So what will the retail price of coconuts be in the future?

 

After the guarantees to the palm oil producers, i was shocked to see retail prices have risen by up to 50% compared to the beginning of the year.

[KhunShay99]

I agree, why are coconuts in the list of "controlled products" lol