webfact Posted June 9, 2022 Share Posted June 9, 2022 India, the world’s largest exporter of rice, has no plans to join any cartel, the type of which Thailand has tried repeatedly to set up (CGIAR Climate/Flickr) The war in Ukraine has highlighted weaknesses in Thailand’s policymaking and prompted cartel behaviour … again. by CRAIG KEATING In response to worldwide supply chain issues caused by Russia’s invasion of Ukraine – who between them previously accounted for nearly one-third of global wheat supplies – the Thai government, headed by 2014 coup leader Prayuth Chan-ocha, is seeking to profit from the 45 per cent increase in the cost of the staple crop. On 27 May, a government spokesman said Bangkok was talking with Vietnam to “raise rice prices … and increase bargaining power in the global market” – in other words, create a cartel. Thailand and Vietnam are, respectively, the world’s second and third biggest rice exporters after India. It could not have come at a worse time for the world’s poor. The UN Secretary-General Antonio Guterres warned of heightened hunger and food insecurity in the wake of the wheat price rises. The Food and Agriculture Organisation says “historically high” food and energy prices put “the global harvest at risk”. Full story: https://www.lowyinstitute.org/the-interpreter/thailand-seeking-profit-global-food-crisis -- © Copyright LOWY INSTITUTE 2022-06-09 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Easiest way to own or rent a car in Thailand - click here to find out more! 1 1 Link to comment Share on other sites More sharing options...
Popular Post mahtin Posted June 9, 2022 Popular Post Share Posted June 9, 2022 Gangstas. 3 Link to comment Share on other sites More sharing options...
Popular Post Denim Posted June 9, 2022 Popular Post Share Posted June 9, 2022 4 minutes ago, webfact said: It could not have come at a worse time for the world’s poor. Unfortunately , the increased hardship of the worlds poor is not a consideration for those hoping to increase profits. Depressing to see such callous priorities at a time like this. 5 Link to comment Share on other sites More sharing options...
Lacessit Posted June 9, 2022 Share Posted June 9, 2022 Every food-exporting nation in the world is looking to profit from the crisis, Thailand is just one of them. 1 Link to comment Share on other sites More sharing options...
Henk Langeweg Posted June 9, 2022 Share Posted June 9, 2022 Shamefull behavior has no monopoly .... 1 1 1 Link to comment Share on other sites More sharing options...
bkk6060 Posted June 9, 2022 Share Posted June 9, 2022 Western countries are gouging their own citizens now at a record pace. Those of use that are here are fortunate Thailand is a big food producer, at least plenty for those that are here. 2 Link to comment Share on other sites More sharing options...
topt Posted June 9, 2022 Share Posted June 9, 2022 Interesting article Link to comment Share on other sites More sharing options...
matchar Posted June 9, 2022 Share Posted June 9, 2022 No worse than the OPEC+ cartel the whole world is dependent on. But rice spoils so they can't hoard it to increase prices. 2 Link to comment Share on other sites More sharing options...
Chongalulu Posted June 9, 2022 Share Posted June 9, 2022 No one is gouging,it’s simply the mechanics of supply and demand. When there’s a glut prices will drop below even the cost of production. Even the oil price went negative in the midst of the pandemic and oil producers lost billions. Swings/roundabouts. 1 Link to comment Share on other sites More sharing options...
Pond Life Posted June 9, 2022 Share Posted June 9, 2022 The vast majority of rice is grown using fertiliser. Fertiliser prices have increased dramaticly. Fuel prices for farm machinery & transport have increased. Of course rice prices have to go up or the farmers will be operating at a loss. If they operate at a loss they will stop growing rice. Link to comment Share on other sites More sharing options...
garyk Posted June 9, 2022 Share Posted June 9, 2022 (edited) Not any worse than the US oil company's ripping off consumers here IMO. Corp. America is greed on steroids.. Edited June 9, 2022 by garyk Link to comment Share on other sites More sharing options...
Iamfalang Posted June 9, 2022 Share Posted June 9, 2022 I own oil wells. Houses Supermarkets Computer stores COVID made me zillions. If I offered you 10 million baht, would you take it? the entire world is designed to collect money. while the sheep complain, the rich get richer. Why the sheep cry, the rich buy more hospitals for when the sheep get sick.........and then it's 100 million to be buried. lol. Link to comment Share on other sites More sharing options...
SpaceKadet Posted June 10, 2022 Share Posted June 10, 2022 Eisenhower was right when he famously said: "War is good for business". Link to comment Share on other sites More sharing options...
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