Jai Dee Posted October 8, 2007 Share Posted October 8, 2007 China buys 50,000 tons of Thai Sticky Rice Vice Secretary of the Spokesperson for the Office of Agricultural Economics Monton Jiamcharoen (มณฑล เจียมเจริญ ) has revealed that reviews of sticky rice prices in the harvest year of 2549/2550 the office has found that China has ordered up to 50 thousand tons of sticky rice from Thailand. The purchase has caused the price of long grain sticky rice in the market to increase to 10,715 baht per paddy from last year's 7,612 baht. The price hike is considered a historical high and has placed sticky rice beyond jasmine rice with no signs of weakening. The price increase has shown good sign as it is a main crop of North and Northeastern farmers who in the past only sold sticky rice near the end of the harvest year. Mr. Monton commented that farmers have been able to grow more sticky rice to meet the demand and it does not require modifications to existing rice paddies is relatively easy to grow. Source: Thai National News Bureau Public Relations Department - 08 October 2007 Link to comment Share on other sites More sharing options...
Mid Posted October 8, 2007 Share Posted October 8, 2007 (edited) Vice Secretary of the Spokesperson for the Office of Agricultural Economics Monton Jiamcharoen (มณฑล เจียมเจริญ ) has revealed that reviews of sticky rice prices in the harvest year of 2549/2550 the office has found that China has ordered up to 50 thousand tons of sticky rice from Thailand. the Vice Secretary has done a good job of getting his name in the papers , he's not revealed anything . Growing demand for Thai sticky rice shoots up price http://www.thaivisa.com/forum/index.php?sh...=142499&hl= Edited October 8, 2007 by Mid Link to comment Share on other sites More sharing options...
chownah Posted October 8, 2007 Share Posted October 8, 2007 OK, then....everyone will switch to sticky rice and the oversupply will flood the market and the price will drop like a stone.....wasn't the big order from China because of a smaller than usual harvest there...which means that if the coming harvest is a good one they won't be buying so much?........ Link to comment Share on other sites More sharing options...
midas Posted October 8, 2007 Share Posted October 8, 2007 OK, then....everyone will switch to sticky rice and the oversupply will flood the market and the price will drop like a stone.....wasn't the big order from China because of a smaller than usual harvest there...which means that if the coming harvest is a good one they won't be buying so much?........ Isn't Thai Jasmine considered to be the best quality rice anywhere ? Places like Cambodia could grow sticky but I would have thought Thailand would be better off specialising in high quality produce which has an internationl reputation ? Link to comment Share on other sites More sharing options...
C-sip-degree Posted October 8, 2007 Share Posted October 8, 2007 OK, then....everyone will switch to sticky rice and the oversupply will flood the market and the price will drop like a stone.....wasn't the big order from China because of a smaller than usual harvest there...which means that if the coming harvest is a good one they won't be buying so much?........ Chownah, Yes your right again, wait and watch the switch sure thing. . regards C-sip Link to comment Share on other sites More sharing options...
londonthai Posted October 8, 2007 Share Posted October 8, 2007 10,715 baht per paddy from last year's 7,612 baht. I don't know everywhere else but in Bangkok the price shoot 100% - from 200 to 400 baht for a 15kg bag. There would have to be a major oversuplus of it to drop back to the previous price - more likely it will float around 300baht and just make a larger profit margin for the sellers Link to comment Share on other sites More sharing options...
Martin Posted October 8, 2007 Share Posted October 8, 2007 Prices for all grains have gone up significantly for end-users. And this is having a knock-on effect on meats, by putting up the prices of animal feeds. In fact, the increase in the price of pork in China got to the point where it was nearing causing civil unrest. Prices of wheat and corn are unlikely to come down as the growing of wheat and corn now uses so much inorganic fertiliser, and the price of that is governed by the price of of natural gas (the feedstock), electricity (from natural gas or coal, whose price is rising), and oil used in distribution. All those things that come out from within the Earth (the exosomatics) are getting harder to find and to extract and the knock-on effects that have been foreseen, for some thirty years now, are beginning to occur. Personally, I would be surprised if the demand for any sort of rice fell back to where it caused the price to the end-user to drop. It seems more likely that supplies will be tight and end-user prices will stay on the rise. How much will feed back to the primary producer and how much will stay with the traders and the tax man is a question that is, at base, a political one. Link to comment Share on other sites More sharing options...
raslin Posted October 9, 2007 Share Posted October 9, 2007 Tons (UK or US) or tonnes? Is somebody pocketing the difference? Link to comment Share on other sites More sharing options...
Rincewind Posted October 9, 2007 Share Posted October 9, 2007 where will they get enough somtam to go with all that sticky rice? Link to comment Share on other sites More sharing options...
artao Posted December 5, 2007 Share Posted December 5, 2007 where will they get enough somtam to go with all that sticky rice? don't forget We have many people..... Link to comment Share on other sites More sharing options...
Ricardo Posted December 5, 2007 Share Posted December 5, 2007 Tons (UK or US) or tonnes?Is somebody pocketing the difference? Sticky rice = Sticky fingers ? Link to comment Share on other sites More sharing options...
Martin Posted December 5, 2007 Share Posted December 5, 2007 No problem getting the somtam. Papaya trees grow like weeds here. They spring up in the most unexpected places in our garden. I suspect that it is due to birds dropping seeds, but am willing to be corrected. Link to comment Share on other sites More sharing options...
astral Posted December 10, 2007 Share Posted December 10, 2007 I hope they have a good stock to Mangos and coconut milk............. Link to comment Share on other sites More sharing options...
Zpete Posted December 11, 2007 Share Posted December 11, 2007 Sticky rice great for people not very dextrous with chop sticks...... Link to comment Share on other sites More sharing options...
Martin Posted December 11, 2007 Share Posted December 11, 2007 If ever I start to suffer insomnia, I will try sticky rice. A bit in my belly puts me to sleep when I don't want to sleep. So presumably it will be very effective when I do want to. At funerals, memorials, and so on, I always refuse it with a grin and say: "Mae khao niow. Farang kin khao niow, farang nawn", and get a laugh. Link to comment Share on other sites More sharing options...
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