Commerce Ministry Looking For New Markets For Thai Rice In Govt's Stock

[webfact]

Commerce Ministry looking for new markets for Thai rice in govt's stock

BANGKOK, 24 May 2013 (NNT)-The Commerce Ministry is considering a quick approach to selling the rice in the government's stock after the baht continues to rise.

According to Permanent Secretary to the Ministry of Commerce Watcharee Vimooktayon, as the currency surge shows no sign of abating, the Ministry will be looking for new buyers overseas in an effort to relieve the amount of rice in the government's stock.

Mrs. Watcharee said the stronger baht has made it difficult to maintain the amount of rice expected to be sold to another foreign government under the G2G scheme. The Ministry of Commerce is now aiming at selling a larger volume of rice as it would be more strategically reasonable to buyers.

More attractive proposals will be adopted to attract new buyers to buy Thai rice. Among several countries interested in Thai rice at present, said the Permanent Secretary, are those in Africa.

The Department of International Trade Promotion is also urging foreign governments that have entered into the G-2-G agreements with Thailand to quickly follow through with their purchase. The amount of rice to be sold under the latest deal is estimated to be around 7.3 million tons.


-- NNT 2013-05-24

[retell]

well give it the label REAL NON GMO rice and there will be many country that wants to buy

[Soupdragon]

Buy One Get One Free. ???

[oldsailor35]

Which countries buy Thai rice ? And how about the yanks wanting to dump their pork here, even though it is exposed to dangerous chemicals banned by the EU. Surely the govt can get some kin of a deal through this.

[Robby nz]

Mrs. Watcharee said the stronger baht has made it difficult to maintain the amount of rice expected to be sold to another foreign government under the G2G scheme

There goes that excuse again

The Ministry of Commerce is now aiming at selling a larger volume of rice as it would be more strategically reasonable to buyers.

"More strategically reasonable to buyers"

Sorry Mrs Permanent Secretary but I don't understand that one.

More attractive proposals will be adopted to attract new buyers to buy Thai rice.

What is the translation of that one?

Have to be lower prices, or is there something else?

Among several countries interested in Thai rice at present, said the Permanent Secretary, are those in Africa.

Like the Ivory Coast... Ops no hang on they just had to dump almost 20% of the last lot they bought, must be someone else who hasn't heard about that.

[OzMick]

Perhaps they could label some of the insect infected muck as "Rice with added Protein".

[A Member]

Do Thai government ministries and departments have special staff whose job it is to come up with the most ridiculous, pompous language possible to make their representatives sound important and give the impression they are actually doing something positive. I don't know how it sounds in Thai but in English it makes them sound even more stupid than usual.

The type of language being used here was banned from the wartime civil service by Winston Churchill who was so annoyed by a briefing paper that he wrote a marginal note " this is the type of English up with which I will not put. "

[lungmi]

Or transform the warehouses in rat farms - hub of Asean protein supply, not only dog meat.

[Thai at Heart]

Mars?

[Neilly]

According to Permanent Secretary to the Ministry of Commerce Watcharee Vimooktayon, as the currency surge shows no sign of abating, the Ministry will be looking for new buyers overseas in an effort to relieve the amount of rice in the government's stock.

[jonclark]

In the words of Sir Alex Ferguson - "Its Squeaky bum time", down at government house.

[GentlemanJim]

Why not use all the rice in Plodprasobs new Biomass power station? Millions of tons of rotting Biomass.......perfect!

Edited May 24, 2013 by GentlemanJim

[Bellweather]

According to Permanent Secretary to the Ministry of Commerce Watcharee Vimooktayon, as the currency surge shows no sign of abating, the Ministry will be looking for new buyers overseas in an effort to relieve the amount of rice in the government's stock.

Capt. Jack would have made a great civil servant, anywhere.

[smedly]

That whole article skirted around the issue without actually coming out and saying it -

As the BOT are going to do nothing to curb the rising baht because too many are making a fortune we need to dump as much of the stored rice as possible at rock bottom prices otherwise we're going to be left with millions of tonnes of worthless rotten rice

I think that about sums it up

[kevinsan]

Mine it for the lead.

[LuckyLew]

"Make me an offer .... we cannot afford to say No"

"Old rice ... low price"

"It has only been in storage for a year or so ... we are pretty sure it is still edible"

[dcutman]

Its to bad, but Thailand had so many loyal customers/markets that bought their rice every year, and at a premium. Now those are all gone to other suppliers/countries that can still subsidize the farmer and still stay competitive offering the same product.

Yingluck, her brother and the whole Red Motley (criminal) crew have totally screwed the pootch on this scam.

The Shinawatra tribe and their compadres must be so proud to have added so much more personal wealth, on the backs of the poor farmers, they claim to want to help.

[Soi Sauce]

When will Thai people wake up?

Watch the Joker in Batman. You got the guy.

I will make you all rich. 555555555555555555555555555555555555555555555555555555555555555. Forgot the 6, for rich in 6 months.

Suckers, I got enuf to buy the country, especially when my slaves kill the baht

Cheers gang, now go home and starve while I buy meself and me family your land.

Edited May 24, 2013 by Soi Sauce

[notmyself]

Why not use all the rice in Plodprasobs new Biomass power station? Millions of tons of rotting Biomass.......perfect!

I've been told that the water content is too high.

[bigbamboo]

Altogether now..........

"Thaksin made a balls up...!"

[retell]

When will Thai people wake up?

Watch the Joker in Batman. You got the guy.

I will make you all rich. 555555555555555555555555555555555555555555555555555555555555555. Forgot the 6, for rich in 6 months.

Suckers, I got enuf to buy the country, especially when my slaves kill the baht

Cheers gang, now go home and starve while I buy meself and me family your land.

gonna like this before the mods take it away

[waza]

From the dream.....

To the nightmare...............

everything Thaksin touches turns to waste

Edited May 24, 2013 by waza

[yoshiwara]

Altogether now..........

"Thaksin made a balls up...!"

Au contraire. Clearly a government triumph.

[Gulfsailor]

What is it about this crap over the ever rising Thai Baht? It had been steadily declining for the past month, now at the level of 3 months ago... Just a pisspoor excuse to dump the rice cheap, and blame it on the BOT.

[Soupdragon]

According to Permanent Secretary to the Ministry of Commerce Watcharee Vimooktayon, as the currency surge shows no sign of abating, the Ministry will be looking for new buyers overseas in an effort to relieve the amount of rice in the government's stock.

Capt. Jack would have made a great civil servant, anywhere.

I agree "Take What You Can, Give Nothing Back"

[OzMick]

The problem with looking for new markets is that most of the world's fools have already been parted from their money.

[Thai at Heart]

That whole article skirted around the issue without actually coming out and saying it -

As the BOT are going to do nothing to curb the rising baht because too many are making a fortune we need to dump as much of the stored rice as possible at rock bottom prices otherwise we're going to be left with millions of tonnes of worthless rotten rice

I think that about sums it up

The baht value is not the issue

[notmyself]

That whole article skirted around the issue without actually coming out and saying it -

As the BOT are going to do nothing to curb the rising baht because too many are making a fortune we need to dump as much of the stored rice as possible at rock bottom prices otherwise we're going to be left with millions of tonnes of worthless rotten rice

I think that about sums it up

The baht value is not the issue

It's not all of it but it is part of it.

[Thai at Heart]

That whole article skirted around the issue without actually coming out and saying it -

As the BOT are going to do nothing to curb the rising baht because too many are making a fortune we need to dump as much of the stored rice as possible at rock bottom prices otherwise we're going to be left with millions of tonnes of worthless rotten rice

I think that about sums it up

The baht value is not the issue

It's not all of it but it is part of it.

It is just the icing on the cake.

[rubl]

"Mrs. Watcharee said the stronger baht has made it difficult to maintain the amount of rice expected to be sold to another foreign government under the G2G scheme. The Ministry of Commerce is now aiming at selling a larger volume of rice as it would be more strategically reasonable to buyers."

Does this mean instead of just a bit in G2G deals (like the 20,000 tonnes in 5kg packages to China) we now aim to sell much, much more to buyers who are agreeing with our strategy of selling more?

"The Department of International Trade Promotion is also urging foreign governments that have entered into the G-2-G agreements with Thailand to quickly follow through with their purchase. The amount of rice to be sold under the latest deal is estimated to be around 7.3 million tons."

Does the 7.3 million tonnes on G2G deals include the amazing amount China said to sure buy one of these days at appropriate times?

BTW the 500 billion Baht revolving fund is empty and this year about 200 billion more needs to be borrowed to pay for rice pledged. Of course, no loss there, the government has just transformed Baht into rice and can revolve back any time they feel like it