Thailand Says Aims To Be Top Rice Exporter In 2013

[webfact]

Thailand says aims to be top rice exporter in 2013

* Thailand says aims to export 8.5 mln tonnes in 2013

* Thai intervention scheme has pushed prices to uncompetitive levels

* Southeast Asian country at risk of losing position as No.1 exporter this year

BANGKOK, Nov 6 (Reuters) - Thailand aims to be the world's biggest rice exporter in 2013 by shipping 8.5 million tonnes, up from the 7.2-7.5 million tonnes expected to be shipped this year, a senior official at the Commerce Ministry said on Tuesday.

"That means we could retain our position as the world's number-one exporter because our competitors, such as India and Vietnam, are expected to export around 7-8 million tonnes next year," said Pranee Siriphand, director general of the Ministry of Commerce's Department of Foreign Trade. [read more...]

Full Story: http://www.reuters.c...E8M605S20121106

-- REUTERS 2012-11-06

[Fozfromoz]

For today's entertainment, I am just going to make a coffee, sit back and wait for the posts to roll in.

[OzMick]

Someone else expecting an avalanche on the rice mountain?

[MikeOboe57]

As Thaksin and his disciples have already confirmed that the rice pledging will continue Thailand can aim as much as it wants, the result will be the same as this year.

There is of course a chance that the shady G2G deals to get rid of the ageing stocks will lead to a dramatic increase in exports of cheap old rice - at taxpayers' expenses.

[1weatherman]

Think I'll go cook some rice now. Of course it's not exported rice. Sorry. Can't help the Thai government.

[edwinchester]

Well there's so much in storage it should be easy to meet that target. Have to sell it at a huge loss to what was paid for it mind but what's billions of bht in deficit so long as you're #1?

[Skywalker69]

Well there's so much in storage it should be easy to meet that target. Have to sell it at a huge loss to what was paid for it mind but what's billions of bht in deficit so long as you're #1?

Agreed, we can't have the Govenment loosing face now, can we. Better loose billions of thb.

Idiots!!!

[whybother]

I wonder if they plan to keep the rice at their current price levels? That seems to be the main reason the exports have dropped by so much.

[eezergood]

Once again we will be another hub

[GentlemanJim]

No they won't end up eating their words, but you will. The economics and maths are simple and straight forward. Thailand now has a rice mountain which it will have to sell off at a huge loss in order to shift it, that dumping of rice on the market will in turn cause global rice prices to fall even further. I think if PTP passed a law saying that the sky is pink, and we all on here said, no it's not it's blue, you would be on with some kind of argument to say we were mistaken and there is definitely a pinky hue to the sky.

[LuckyLew]

Yup, they will sell at a huge loss but as long as they are number one they do not seem to care

People in charge are not losing there own money so what do they care?

[jerrysteve]

That would take 20/20 vision to do that, but the powers to be are cockeyed

If they believe they can dictate market prices they are in for a complete arse whooping!!!

[nakhonandy]

Considering they intend to conitinue the rice scheme then the farmers will certainly produce enough rice for this to happen.

Pretty well everyone where I live have signed up for the scheme.

I could rant on about why the scheme can never work but that is another topic.

The problem is of course that the global price is well below the government price and likely to remain so.

So OK they may well be back to No1, but at a significant loss, paid for by?

[trogers]

Perhaps they meant being the top exporter of rice wine? Seeing there will be so much fermenting rice stocks about...

Edited November 6, 2012 by trogers

[rubl]

From the reuters article mentioned in the OP:

The policy pegged a common grade 5 percent white rice at $550-$560 per tonne, way above the same grades of rice in Vietnam and India, which were offered at $390-$455 per tonne.

Since begin of the year till now 5.07m ton exported. Somehow the MoC expects 7.2-7.5m ton over the total year. Must be a busy two months ahead of us.

With aiming at 8.5m ton next year, that's still a wee bit less than the 10.6m ton in 2011. Data on the export value to be able to make another comparison over the last years seems missing. The MoC is probably still writing the 'first year accomplishment' report on what his predecessor managed to do

[allan michaud]

I assume Thaksins seer's have predicted some global disasters for 2013 when Thailand can implement his great plan to make huge profits from global suffering.

What a grate guy.

I can't help thinking the title should have read "Thailand NEEDS to be top rice exporter in 2013"

[lensta]

I don't believe they can retain their position as the world's number-one exporter because they have already lost it to India.

[pmem]

Said it before and will say it again, an arrogant race of people with the largest superiority complex in ASEAN

(Wikipedia - Superiority complex is a psychological defence mechanism in which a person's feelings of superiority counter or conceal his or her feelings of inferiority.)

[metisdead]

Some troll posts have been removed.

Yawn

Is not a valid contribution, nobody is forcing you to read this topic, if it is not of interest to you, move along and find something that interests you rather than post nonsense such as this.

[nakhonandy]

Said it before and will say it again, an arrogant race of people with the largest superiority complex in ASEAN

(Wikipedia - Superiority complex is a psychological defence mechanism in which a person's feelings of superiority counter or conceal his or her feelings of inferiority.)

Not sure what you base this on.

Having travelled over the last 20+ years throughout Asia for work the Thais are nowhere near the top when it comes to superioriy complexes.

Anyhow they just say they will be No1 rice exporter, they were before so why not again, hardly a superior stance.

[asiawatcher]

Further proof idiots in the Govt think the public believe their press reports. They are now not even a 'player' at any level because they hoarded at Thaksin's directive playing his stupid little game. And they just keep printing it so the spin doctors can keep bullshitting the public. To be number one again they would have to crash the rice market price structure. Do that and watch the ramifications from VN and India et al. The rod for the back gets heavier Yingluck, time to resign and blame not having control of your party and it's dealings as your excuse. At least you may save some face...

[dcutman]

Said it before and will say it again, an arrogant race of people with the largest superiority complex in ASEAN

(Wikipedia - Superiority complex is a psychological defence mechanism in which a person's feelings of superiority counter or conceal his or her feelings of inferiority.)

Not sure what you base this on.

Having travelled over the last 20+ years throughout Asia for work the Thais are nowhere near the top when it comes to superioriy complexes.

Anyhow they just say they will be No1 rice exporter, they were before so why not again, hardly a superior stance.

Seems you have not kept up what has been going on this last year, with the rice pledging scam. This coming year is going to be the same as the last.

Try and keep up.

[ratcatcher]

For today's entertainment, I am just going to make a coffee, sit back and wait for the posts to roll in.

It's now almost 4pm and I hope you enjoyed your coffee. The posts did indeed roll in all 20 of them.

My question to you is this:

Do you believe what the PTP government says when it comes to rice trading? Are these figures and statements by the Commerce Ministry credible, or is it just pulling numbers out of the air? Who is buying this overpriced rice? How many shiploads will be exported?

Anything a government says these days has to be taken with a large pich of (overpriced) salt.

[nakhonandy]

Said it before and will say it again, an arrogant race of people with the largest superiority complex in ASEAN

(Wikipedia - Superiority complex is a psychological defence mechanism in which a person's feelings of superiority counter or conceal his or her feelings of inferiority.)

Not sure what you base this on.

Having travelled over the last 20+ years throughout Asia for work the Thais are nowhere near the top when it comes to superioriy complexes.

Anyhow they just say they will be No1 rice exporter, they were before so why not again, hardly a superior stance.

Seems you have not kept up what has been going on this last year, with the rice pledging scam. This coming year is going to be the same as the last.

Try and keep up.

If you refer back to an earlier quote in this post regarding the rice pledging scheme you might notice I do keep up, where I live and what I do makes it of interest to me and my family.

I was merely retorting on the superiority point.

[otherstuff1957]

Well, there are two possibilities:

1. There are major crop failures in India and/or Vietnam and/or China next year and the price of rice will go up enough for the Thais to sell this mountain of rice and NOT take a major loss.

2. The Thai government simply dumps the mountain on the market, the price plummets and Thailand becomes the world rice leader... while losing billions of baht.

[belg]

great to see thai politicians or people have a magic crystal bowl to see the future (no drought, no floods, no nothing)

[givenall]

For today's entertainment, I am just going to make a coffee, sit back and wait for the posts to roll in.

and don't forget to go and buy a bag of rice to help that may be but unlikely they are #1

[slapout]

I would put this statement in the "Rumor" column roght below some others being thrown out recently. In fact this may be the only claim to being a Hub that Thailand has. Thailand Hub of Rumor.......

[Thai at Heart]

If they aren't by volume, they will be giving it to the people for free by then.

I wonder if the statistics that placed them in first place reflected new versus old crop lots?

[thaicbr]

Well, there are two possibilities:

1. There are major crop failures in India and/or Vietnam and/or China next year and the price of rice will go up enough for the Thais to sell this mountain of rice and NOT take a major loss.

2. The Thai government simply dumps the mountain on the market, the price plummets and Thailand becomes the world rice leader... while losing billions of baht.

Or number 3.. They continue to subsidize the rice and NOT sell it (just like this year) while lying to all and sundry about government to government deals (which if this years were true would have placed them number 2 in the world behind India rather than 3 or 4th) and continue scurrying around the country looking for more airfield hangar etc to store it in.

If this carries on i wouldn't be surprised if Cambodia came up the export ladder (they do say a good proportion is sent here for the scheme )