Expert Predicts Thai Rice Pledging Scheme To Drive Market Prices Up Soon

[webfact]

Expert predicts Thai rice pledging scheme to drive market prices up soon

BANGKOK, 13 March 2013 (NNT) – An expert in agricultural economics predicts that the Thai government’s rice pledging scheme will soon help drive prices in the market up.

Mr. Chai Watcharong, an expert in agricultural economics, commented that the government’s rice pledging scheme is a direct state intervention in the rice market, which is also a long-term investment plan to boost prices in the world market and elevate farmers’ livelihood.

He said that, under this scheme, the state budget will be distributed to many parts of the country while helping spur growth.

Mr. Chai reckoned that, while the government will sell rice supply under its control when the prices are right, its success can be measured by the benefits enjoyed by farmers across Thailand and higher rice prices.

He went on to say that the government should continue the pledging scheme for some more time as rice can be stored for a long period of time and there appear to be more than sufficient silos for the new lots of rice supply.

However, he suggested that farmers should receive advices on cost-cutting, productivity boost or agricultural zoning, all of which will enable farmers to better take care of themselves over the long run.


-- NNT 2013-03-13

[seajae]

what a load, maybe if it wasnt a thai saying this we could listen but this is just bullsh*t. I wonder how much he is being paid to try to make this look good for the govt and thaksin, must be a lot if he is prepared to claim this crap.

[jonclark]

what a load, maybe if it wasnt a thai saying this we could listen but this is just bullsh*t. I wonder how much he is being paid to try to make this look good for the govt and thaksin, must be a lot if he is prepared to claim this crap.

Agreed with you - many experts predict rice prices will continue to fall as the US recovers from a long term drought and starts to produce maize and soya again which are alternative staples to rice. (as an example)

This is just propaganda for the locals.

Edited March 13, 2013 by jonclark

[kblaze]

In this article the "expert" gave literally zero reasons why the price will rise.

[nevets]

The Thai farmer will not benefit from anything only the top people in the chain make the big money , prices for food is still going up as it is in the rest of the world, Bhart 1000 doesent go very far these days and i dont live on bhart 300 a day and raley drink alcahol.

[LuckyLew]

Wonder what the price will be for rotten rice?

I heard or read somewhere they have a lot of this stored as well

[thomash]

What a bunch of BS! The main people who benefited from this scheme or should I say scam was the middle men and the politicians they paid off. Farmers have not really benefited from the scheme/scam if anything it has hurt them and it was just a big rip off of tax payers money. But now some so called agricultural "expert" is looking into his crystal ball and says the price of rice will go up soon but the only thing that is going up is the amount of BS over this whole scheme/scam!

[worgeordie]

I read they are paying 800Bht per ton ,per month to store it, so any price rises are already

eaten into, then add shrinkage due to pests, and what goes out the back door,the price

would have to double just to break even, but everyone knows this exercise is not about

making a profit.

regards Worgeordie

[dcutman]

Mr. Chai Watcharong, an expert in agricultural economics

and a

Real experts opinion

http://blogs.wsj.com/searealtime/2013/02/26/global-rice-prices-expected-to-drop/

Global Rice Prices Expected to Drop

Rice stocks held by the world’s top exporters could rise to record highs
this year due to bountiful harvests, shrinking import demand in the
main markets and a costly government policy, according to a report
released this week by the International Grains Council, a United
Nations-linked body.

[beano2274]

those who will buy the rice will notice that it is old by the colour of it, so no sales to anyone.

[Buchholz]

He went on to say that the government should continue the pledging scheme for some more time

.

Thaksin Defends Controversial Rice-Pledging Programme thread, said:

Former PM Thaksin Shinawatra voiced support yesterday for the government’s controversial rice price-pledging programme, saying it should be extended for several more years.

.

a long-term investment plan to boost prices in the world market and elevate farmers’ livelihood.

.

Thaksin Defends Controversial Rice-Pledging Programme thread, said:

Prime Minister Yingluck Shinawatra implemented the price-support policy to boost incomes of farming families whose support helped Pheu Thai Party win the election last year

.

rice can be stored for a long period of time

.

Thaksin Defends Controversial Rice-Pledging Programme thread, said:

Thaksin said, "The programme will lead to higher government revenue through the sale of stockpiled grain"

.

Mr. Chai Watcharong, an expert in agricultural economics

.

maybe stick to the economics of agricultural products fighting each other:

.

Chai Watcharong, a veterinarian and chairman of a Sukhothai-based network for developing and preserving indigenous roosters, said cock fighting was regarded as gambling under the existing Interior Ministry regulation. This was counter-productive and the regulation should be changed.

http://www.accessmylibrary.com/coms2/summary_0286-23966568_ITM

more recently Chai is:

Chai Watcharong - Consultant of K. Thanin Jiaravanon

https://www.facebook.com/RadissonSuitesBangkokSukhumvitSoi13?group_id=0

Thanin Jiaravanon

Chairman of the Board

Charoen Pokphand Foods Public Co. Ltd.

Thailand's leading agro-industrial and food conglomerate

http://www.insideview.com/directory/charoen-pokphand-foods-public-co-ltd

.

Edited March 13, 2013 by Buchholz

[Pimay1]

A veterinarian, rooster expert, rice guru, fortune teller, this guy is a jack of all trades. Wonder if he also knows how to build high speed trains.

Edited March 13, 2013 by Pimay1

[AleG]

I would suggest to those that continue to laud this policy to put their money where their mouth is and put their savings into rice futures expecting higher prices.

Is that crickets I hear?

[nevets]

Yep just the man for pm .

[AleG]

A veterinarian, rooster expert, rice guru, fortune teller, this guy is a jack of all trades. Wonder if he also knows how to build high speed trains.

No no... I'm sure he is an expert on rice. Being such an obvious plant and all that.

[andre47]

Not forget about all the tons of rice selling to China on a secret price. I estimate that this price is much lower than the market price just to get some free space in the warehouses.

[bigbamboo]

Oh dear, Mr Chai.

How much were you paid to spout this nonsense?

[Payboy]

Mr. Chai Watcharong

I betcha wrong.

[EyesWideOpen]

I suspect the other rice producing countries, after picking themselves off the floor after a big laugh, should adapt the strategy of keeping their rice prices low, thus completely destroying Thailand as a rice producing country.

I still think this scheme is the greatest corruption ever inflicted upon Thailand, and will certainly end in a trail of tears. Sometimes I feel Thaksin's strategy is to financially destroy this country by looting it from afar, and this rice pledging is one of the main instruments. He has no intention of coming back here, too dangerous. Better to just keep looting... :-(

[belg]

the world is growing more rice, bloomberg predicts an over production ...

the only way the rice is getting more expensive, will be in the THAI shop and restaurants

that will nicely compensate the 300 baht per day wage hike resulting in a more expensive everything

which is called INFLATION

[Thai at Heart]

Which market Price?

The price I see in the supermarket here is up anyway

[EyesWideOpen]

Which market Price?

The price I see in the supermarket here is up anyway

Nice one !!!!! So the headline is correct after all .....

[fakename]

Well, me and my brother, think subsidies are good, so we will stick with the plan, until he gets back!

[khunken]

Which market Price?

The price I see in the supermarket here is up anyway

Nice one !!!!! So the headline is correct after all .....

Exactly. That's what I thought the piece was about when I saw the headline. Cue....exclude rice from the inflation calculation.

[Pimay1]

Expert predicts...........

My dear old daddy told me many years ago an expert was some guy out of town with a briefcase trying to convince the locals he knew more than they did.

[remobb]

Mmmmm! shall I buy gold or rice?

[waza]

Fresh from his skype session with Thaksin Mr. Chai Watcharong, an expert in agricultural economics, commented that the government’s rice pledging scheme is a direct state intervention in the rice market, which is also a long-term investment plan to boost prices in the world market and elevate farmers’ livelihood.

Mr. Chai reckoned that, while the government will sell rice supply under its control when the prices are right and extimated that should be just after hell freezes over.

He went on to say that the government should continue the pledging scheme for some more time as rice take ages to rot and there appear to be more than sufficient silos for the new lots of rice supply to rot in.

Sarcasm

Edited March 13, 2013 by waza

[hellodolly]

The Thai farmer will not benefit from anything only the top people in the chain make the big money , prices for food is still going up as it is in the rest of the world, Bhart 1000 doesent go very far these days and i dont live on bhart 300 a day and raley drink alcahol.

Exactly he like all the other experts and I have to throw academia into the deal are always saying

"success can be measured by the benefits enjoyed by farmers"

Never once a break down on the benefits. When forced to sight an example they site higher rice prices omitting that the cost of production has gone up also.

Never any thinbg about the little guy.

The lot of them have earned the prefix ex but the rest of it is more like smart people.

[hellodolly]

Fresh from his skype session with Thaksin Mr. Chai Watcharong, an expert in agricultural economics, commented that the government’s rice pledging scheme is a direct state intervention in the rice market, which is also a long-term investment plan to boost prices in the world market and elevate farmers’ livelihood.

Mr. Chai reckoned that, while the government will sell rice supply under its control when the prices are right and extimated that should be just after hell freezes over.

He went on to say that the government should continue the pledging scheme for some more time as rice take ages to rot and there appear to be more than sufficient silos for the new lots of rice supply to rot in.

Sarcasm

Ya that sufficient amounts of silos got me. It wasn't long ago that they were considering using warehouses at DonMuang.

I imagine by now every PT member has several rice silo's with plans for future ones.

[waza]

Fresh from his skype session with Thaksin Mr. Chai Watcharong, an expert in agricultural economics, commented that the government’s rice pledging scheme is a direct state intervention in the rice market, which is also a long-term investment plan to boost prices in the world market and elevate farmers’ livelihood.

Mr. Chai reckoned that, while the government will sell rice supply under its control when the prices are right and extimated that should be just after hell freezes over.

He went on to say that the government should continue the pledging scheme for some more time as rice take ages to rot and there appear to be more than sufficient silos for the new lots of rice supply to rot in.

Sarcasm

Ya that sufficient amounts of silos got me. It wasn't long ago that they were considering using warehouses at DonMuang.

I imagine by now every PT member has several rice silo's with plans for future ones.

lol, Some just opens a Silo R Us store. PS: ex= has been + spert= drip under pressure