Commerce Ministry launches Big Data system with focus on five agricultural goods

By The Nation

 

 

Phimchanok Vonkorpon, director general of the Commerce Ministry’s Trade Policy and Strategy Office, has launched a project in which data will be collected on rice, palm oil, rubber, cassava and corn production in the country.

 

The new Big Data system will report on domestic and overseas demand and supply of the products and will also help make predictions on price stability.

 

The aim of the new system is to help farmers maintain their income and become sustainable.

 

Source: https://www.nationthailand.com/news/30376415

 

-- © Copyright The Nation Thailand 2019-09-20

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Commerce Ministry unveils Big Data systems for farm goods

 

   

BANGKOK (NNT) - The Ministry of Commerce has conducted a forum to collect views from both the public and private sector as part of the "Think Together, Trade Together, Taking on the World Economy" while also unveiling Big Data supporting five key crops to be used to remedy low prices of agricultural products.

 

The Big Data systems will first focus on rice, palm oil and para rubber, tracking demand and production within and beyond the nation in order to predict trends and inform policies that will stabilize the prices of the products. All data concerning rice in the country has been linked, with palm oil and para rubber soon to follow. The final two systems in the project will be for tapioca and corn. All five are to be up and running within this year.

 

The Adviser to the Trade Policy and Strategy Office (TPSO), Prin Boondiskulchok, today showed an example of data being collected on rice, pointing out that despite rice exports rising in 2018, steamed rice sales fell 22% in trade with Russia. It was further shown that while Morocco increased purchases by 72%, Thailand was not a party to any of the trades. Another key figure was that China increased its rice exports while not increasing production due to existing stocks. The adviser also displayed pricing data broken down from the farm through to mills and exporters, highlighting the value such data can provide the state as it tries to aid growers.

 

At the forum, the TPSO Director, Pimchanok Vonkorpon, remarked that modern economics is centered on trade competition, digital impact and social changes brought on by environmental factors. She said adjustments must be made and the business sector must be ready to support such changes. An assurance was given that data is being concluded to help private businesses gain a better understanding of the domestic and international markets.

 

-- © Copyright NNT 2019-09-20

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With that first infographic, who could possibly doubt the seriousness of Big Data in Thailand?

1 hour ago, webfact said:

Another key figure was that China increased its rice exports while not increasing production due to existing stocks.

Government ministers just pumping the own bags again for a bit of publicity. They love being in the news, it's good for their egos.

Just about all the examples quoted can be found freely on the internet. No need for Big Data BS. 

China has been flogging off old rice stocks now for years after building up excess stocks in a Yingluck type rice stock holding scheme. They have been dumping it in Africa at the expense of traditional Thai markets. Nice stab in the back from their best mates.

Thailand's government doesn't seem to cope well when external factors affect their markets. They love the smooth sailing.

https://www.reuters.com/article/china-economy-trade-rice/grain-gain-chinas-rice-exports-to-africa-surge-idUSL4N1PJ2ZW

More mindless platitudes from self-important VIPs with nothing to say & not much to do except look for photo-ops.

After reading this best stick to growing corn or mushrooms????

I thought when the said big data, they had bought a bigger book.

regards Worgeordie