webfact Posted March 13, 2013 Share Posted March 13, 2013 Expert predicts Thai rice pledging scheme to drive market prices up soonBANGKOK, 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 Link to comment Share on other sites More sharing options...
Popular Post seajae Posted March 13, 2013 Popular Post Share Posted March 13, 2013 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. 11 Link to comment Share on other sites More sharing options...
Popular Post jonclark Posted March 13, 2013 Popular Post Share Posted March 13, 2013 (edited) 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 7 Link to comment Share on other sites More sharing options...
Popular Post kblaze Posted March 13, 2013 Popular Post Share Posted March 13, 2013 In this article the "expert" gave literally zero reasons why the price will rise. 7 Link to comment Share on other sites More sharing options...
nevets Posted March 13, 2013 Share Posted March 13, 2013 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. 2 Link to comment Share on other sites More sharing options...
LuckyLew Posted March 13, 2013 Share Posted March 13, 2013 Wonder what the price will be for rotten rice? I heard or read somewhere they have a lot of this stored as well Link to comment Share on other sites More sharing options...
thomash Posted March 13, 2013 Share Posted March 13, 2013 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! 1 Link to comment Share on other sites More sharing options...
worgeordie Posted March 13, 2013 Share Posted March 13, 2013 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 2 Link to comment Share on other sites More sharing options...
Popular Post dcutman Posted March 13, 2013 Popular Post Share Posted March 13, 2013 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 DropRice stocks held by the world’s top exporters could rise to record highsthis year due to bountiful harvests, shrinking import demand in themain markets and a costly government policy, according to a reportreleased this week by the International Grains Council, a UnitedNations-linked body. 6 Link to comment Share on other sites More sharing options...
beano2274 Posted March 13, 2013 Share Posted March 13, 2013 those who will buy the rice will notice that it is old by the colour of it, so no sales to anyone. Link to comment Share on other sites More sharing options...
Popular Post Buchholz Posted March 13, 2013 Popular Post Share Posted March 13, 2013 (edited) 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 3 Link to comment Share on other sites More sharing options...
Popular Post Pimay1 Posted March 13, 2013 Popular Post Share Posted March 13, 2013 (edited) 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 4 Link to comment Share on other sites More sharing options...
AleG Posted March 13, 2013 Share Posted March 13, 2013 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? Link to comment Share on other sites More sharing options...
nevets Posted March 13, 2013 Share Posted March 13, 2013 Yep just the man for pm . Link to comment Share on other sites More sharing options...
AleG Posted March 13, 2013 Share Posted March 13, 2013 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. 2 Link to comment Share on other sites More sharing options...
andre47 Posted March 13, 2013 Share Posted March 13, 2013 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. Link to comment Share on other sites More sharing options...
bigbamboo Posted March 13, 2013 Share Posted March 13, 2013 Oh dear, Mr Chai. How much were you paid to spout this nonsense? Link to comment Share on other sites More sharing options...
Payboy Posted March 13, 2013 Share Posted March 13, 2013 Mr. Chai Watcharong I betcha wrong. Link to comment Share on other sites More sharing options...
Popular Post EyesWideOpen Posted March 13, 2013 Popular Post Share Posted March 13, 2013 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... :-( 3 Link to comment Share on other sites More sharing options...
belg Posted March 13, 2013 Share Posted March 13, 2013 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 1 Link to comment Share on other sites More sharing options...
Thai at Heart Posted March 13, 2013 Share Posted March 13, 2013 Which market Price? The price I see in the supermarket here is up anyway Link to comment Share on other sites More sharing options...
EyesWideOpen Posted March 13, 2013 Share Posted March 13, 2013 Which market Price? The price I see in the supermarket here is up anyway Nice one !!!!! So the headline is correct after all ..... 1 Link to comment Share on other sites More sharing options...
fakename Posted March 13, 2013 Share Posted March 13, 2013 Well, me and my brother, think subsidies are good, so we will stick with the plan, until he gets back! Link to comment Share on other sites More sharing options...
khunken Posted March 13, 2013 Share Posted March 13, 2013 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. Link to comment Share on other sites More sharing options...
Pimay1 Posted March 13, 2013 Share Posted March 13, 2013 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. 1 Link to comment Share on other sites More sharing options...
remobb Posted March 13, 2013 Share Posted March 13, 2013 Mmmmm! shall I buy gold or rice? Link to comment Share on other sites More sharing options...
waza Posted March 13, 2013 Share Posted March 13, 2013 (edited) 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 Link to comment Share on other sites More sharing options...
hellodolly Posted March 13, 2013 Share Posted March 13, 2013 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. Link to comment Share on other sites More sharing options...
hellodolly Posted March 13, 2013 Share Posted March 13, 2013 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. Link to comment Share on other sites More sharing options...
waza Posted March 13, 2013 Share Posted March 13, 2013 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 1 Link to comment Share on other sites More sharing options...
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