Opec urges Thailand to hike exports and prevent global food shortage

[rooster59]

Opec urges Thailand to hike exports and prevent global food shortage

By THE NATION

 

 

The Organisation of Petroleum Exporting Countries (Opec) has urged Thailand, the world's 11th biggest global food manufacturer and one of the countries to successfully contain the Covid-19 outbreak, to increase export of food to prevent global shortage, Poj Aramwatthananont, vice chairman of the Thai Chamber of Commerce said.

 

He said that the recent Opec meeting, attended by 21 member countries, had estimated that the Covid-19 outbreak will cause disruption to the global food supply chain and affect global food security until 2022.

 

“This is a good opportunity for Thai exporters to expand the markets, which will require strict compliance to international food safety standards,” Poj said.

 

Poj further added that the private sector is preparing to sign MoUs with ministries of Commerce, Public Health, Agriculture and Cooperative, and Interior to obtain related certifications for Thai products to be exported overseas, to increase the confidence of foreign customers.

 

“These MoUs are also a start of aggressive measures to prevent the contamination of food products with the Covid-19 virus and other germs that could unexpectedly disrupt our food industry,” he added.

 

“To help increase the export of food products, the government should provide incentives such as reducing import tax on raw materials that could not be manufactured domestically and expand import quota so that factories can manufacture to their fullest capacity,” said Poj.

“Currently many food processing factories are still having unused capacity, especially frozen food factories that are operating at 30 per cent because they don’t have enough raw materials. An increase in the export quota of raw materials that do not affect domestic farmers should help increase food export volume and stimulate future investments.”

 

Meanwhile, Anong Phaijitpraphaphorn, director of the National Food Institute, said the institute expects food exports in the second half of 2020 to expand by 3.6 per cent year on year to around Bt519.4 billion, as the demand for food will start climbing once economic activities return to normal globally.

 

“Total food export for this year is expected to hit Bt1.025 trillion, 0.8 per cent higher than last year. This is provided the baht does not get too strong or fluctuate too much,” she added.

 

Source: https://www.nationthailand.com/news/30393017

 

-- © Copyright The Nation Thailand 2020-08-16

 

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[Grumpy John]

The floods in China will be enough to put pressure on the global food market.  Not sure how much it will help mango producers such as the wife, but rice growers...I think they will see an uptick in market price.

[tonray]

Need to make the exports price competitive. With very strong baht...countries will buy from cheapest source available...

[RichardColeman]

52 minutes ago, rooster59 said:

“This is a good opportunity for Thai exporters to expand the markets,

Great, if it works, we can have another pandemic next year

[DrTuner]

"which will require strict compliance to international food safety standards"

 

Houston, we have a ploplem.

[Bluetongue]

OPEC urging Thailand to increase food exports. Am I missing something, normally they meet and haggle over each other's oil output. Thailand is not a member. Are OPEC moving into other commodities?

[hotchilli]

7 hours ago, rooster59 said:

Opec urges Thailand to hike exports and prevent global food shortage

Two main issues in meeting that request.

1: Health safety issues in trading to international standards.

2: Thai baht value.

[CGW]

13 minutes ago, Bluetongue said:

Are OPEC moving into other commodities?

Looks like it! they have failed miserably to control the price of oil, going into the food market now! 

 

Or maybe Poj Aramwatthananont, vice chairman of the Thai Chamber of Commerce, had a personal visitation so he could make the headlines, not seeing this being widely reported - or even mentioned elsewhere!

[Scot123]

Wouldn't it be great if there was a ready supply of stored rice for the country now to sell at a profit? Ah wait.....

 

[Scott Tracy]

An oil cartel, getting into running countries. Thailand should increase their exports, but these countries will only accept the exports that they want. No good selling pork to some of them.

 

member countries:

 

Algeria, Angola, Congo, Equatorial Guinea, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, Venezuela.

 

https://www.opec.org/opec_web/en/about_us/25.htm

 

The Argentine government wants to be China's pork basket, with an appropriate 'investment' from China. The people and environmentalists are unhappy about that. Increasing exports may not be beneficial in the long run to either the importer or exporter.

Be careful what you wish for.

[Redline]

Most of the food is contaminated with pesticides, dangerous fertilizers, and worms, unfortunately 

Edited August 16, 2020 by Redline

[Albert Zweistein]

15 hours ago, Bluetongue said:

OPEC urging Thailand to increase food exports. Am I missing something, normally they meet and haggle over each other's oil output. Thailand is not a member. Are OPEC moving into other commodities?

The same question appeared in my mind, is this an other fairy tale from somebody who want to draw attention ?

[hotchilli]

17 hours ago, Scot123 said:

Wouldn't it be great if there was a ready supply of stored rice for the country now to sell at a profit? Ah wait.....

 

Problem is the "stored rice" is of poor quality and over-priced.
Neighbouring countries are selling quality at affordable prices.

[mikebell]

On 8/16/2020 at 5:37 AM, rooster59 said:

This is provided the baht does not get too strong or fluctuate too much,”

Ah.  I knew there was a catch.

[RubbaJohnny]

OPEC is a busted flush since the shale revolution these mainly dictatorships are dependent on oil while since their 1970s hegemon new producers have decreased their relevance there's hug eamounts of teh worlds supply in Canada,SE Asia, Russia  Brazil and the leading producer USA.

 

The top five oil-generating countries are as follows:

United States. The United States is the top oil-producing country in the world, with an average of 17.87 million b/d, which accounts for 18% of the world's production. ...

Saudi Arabia. ...

Russia. ...

Canada. ...

China.

Apr 22, 2020

[pkspeaker]

On 8/16/2020 at 10:38 AM, DrTuner said:

"which will require strict compliance to international food safety standards"

 

Houston, we have a ploplem.

Thai food IS safe. we're not talking street food where they kill their own chickens..but even that's pretty safe here..

[G950]

 

On 8/16/2020 at 12:28 PM, Bluetongue said:

OPEC urging Thailand to increase food exports. Am I missing something, normally they meet and haggle over each other's oil output. Thailand is not a member. Are OPEC moving into other commodities?

OPEC members tend to have dry arid climates that contain lots of oil but aren't great at producing food, so they are large net importers of grain, meat etc.

 

As a lot of the member countries have really sucked at controlling Covid they will produce even less food domestically which will result in the need to import substantially more. Hence the call out to any countries that they think will be able to jump in and supply any shortfall.

[Boomer6969]

I see, I see, Thailands survivals depends on famine.