EC left with Thai rice woes

[TVGerry]

Typical PTP liars. If you didn't have EC permission to pay the farmers, why did you promise that you would pay them on the 15th in the first place?

[rreddin]

You have to admit - this is a fairly smart play by PTP - shifting responsibility to the EC.

Now - if the EC is smart - they will ask the government to publish all numbers related to the rice scheme so that they can make up their minds.

If they are smart, the EC will only answer the question asked of them, and that has a yes or no answer.

[aussiebebe]

The PTP should be in line for a Nobel prize for addressing world hunger.
At $390 per ton, rice prices are now right where they were at the start of 2008 - great news for the estimated one-eighth of the world's population who suffer from chronic hunger.
If the madcap plan to boost world prices had succeeded, it would have been the world's poorest who suffered the most. It's ironic that those very people are now benefitting from Thailand's moronic 15 million ton stockpile.
The farmers who voted for this policy have more chance of breeding flying pigs than seeing cash from the EC by the 15th.

[fab4]

The PTP should be in line for a Nobel prize for addressing world hunger.

At $390 per ton, rice prices are now right where they were at the start of 2008 - great news for the estimated one-eighth of the world's population who suffer from chronic hunger.

If the madcap plan to boost world prices had succeeded, it would have been the world's poorest who suffered the most. It's ironic that those very people are now benefitting from Thailand's moronic 15 million ton stockpile.

The farmers who voted for this policy have more chance of breeding flying pigs than seeing cash from the EC by the 15th.

Depends what type of rice you're talking about. Hom Mali is around $955 - $965 a ton and Thai prices are comparable to rice producers around the world. (though I'm not sure why Uruguayan or Argentinian long grain white rice prices are above the norm - is it that good, never tried any myself?)

http://oryza.com/reports/monthly-review/oryza-october-2013-rice-market-review

Even though the review shows it as an October report, the figures in the left hand column are up to date, well dated 7th January 2008. But do keep on whinging. No other country in the world has agricultural subsidies after all.

[Rob8891]

How much is rotten rice worth?

A lot more than the rotten government!

[rubl]

 

The PTP should be in line for a Nobel prize for addressing world hunger.

At $390 per ton, rice prices are now right where they were at the start of 2008 - great news for the estimated one-eighth of the world's population who suffer from chronic hunger.

If the madcap plan to boost world prices had succeeded, it would have been the world's poorest who suffered the most. It's ironic that those very people are now benefitting from Thailand's moronic 15 million ton stockpile.

The farmers who voted for this policy have more chance of breeding flying pigs than seeing cash from the EC by the 15th.

Depends what type of rice you're talking about. Hom Mali is around $955 - $965 a ton and Thai prices are comparable to rice producers around the world. (though I'm not sure why Uruguayan or Argentinian long grain white rice prices are above the norm - is it that good, never tried any myself?)

http://oryza.com/reports/monthly-review/oryza-october-2013-rice-market-review

Even though the review shows it as an October report, the figures in the left hand column are up to date, well dated 7th January 2008. But do keep on whinging. No other country in the world has agricultural subsidies after all.

 

Luckily Thailand is rich so loosing 400 billion Baht in two years time is no problem at all. Pity the blanket amnesty bill got rejected (for now). With the period set to end on 2013-08-09 any 'minor' responsibility would have been covered.

[Scamper]

For those who are looking forward to a new Pheu Thai administration, take a good look - this is exactly what you'll get. In a way, the administration's present request to the EC sheds a rare light into what exactly goes on behind closed doors. Because there is an election under foot, the administration can't allocate these funds, or at least not as surreptitiously. And the picture of corruption is indeed staggering, when taking into account that the massive amounts detailed throughout this article are only a partial view of the whole intangible mess. Vote buying has never been so transparent or so urgent, as the administration does not want to put its base at peril. In a huge ironic twist - the Pheu Thai administration - after all the recent threats to wage legal action against the EC, the Pheu Thai administration has to now come to them for help - albeit with reluctance and irritation - with the growing realization that their still exist checks and balances not under their control. Is there any wonder why there are so many people of the streets ?

[MikeOboe57]

The PTP should be in line for a Nobel prize for addressing world hunger.

At $390 per ton, rice prices are now right where they were at the start of 2008 - great news for the estimated one-eighth of the world's population who suffer from chronic hunger.

If the madcap plan to boost world prices had succeeded, it would have been the world's poorest who suffered the most. It's ironic that those very people are now benefitting from Thailand's moronic 15 million ton stockpile.

The farmers who voted for this policy have more chance of breeding flying pigs than seeing cash from the EC by the 15th.

Depends what type of rice you're talking about. Hom Mali is around $955 - $965 a ton and Thai prices are comparable to rice producers around the world. (though I'm not sure why Uruguayan or Argentinian long grain white rice prices are above the norm - is it that good, never tried any myself?)

http://oryza.com/reports/monthly-review/oryza-october-2013-rice-market-review

Even though the review shows it as an October report, the figures in the left hand column are up to date, well dated 7th January 2008. But do keep on whinging. No other country in the world has agricultural subsidies after all.

Seems you didn't bother to read the article. They are rather blunt about Thaksin's rice stunt.

Sent from my GT-N5100 using Thaivisa Connect Thailand mobile app

[MaxLee]

Pheu Thai: "Oh, oh,... the rice farmers are coming, dear Election committee, you bail us out

EC: <deleted>??????

[JRSoul]

The PTP should be in line for a Nobel prize for addressing world hunger.

At $390 per ton, rice prices are now right where they were at the start of 2008 - great news for the estimated one-eighth of the world's population who suffer from chronic hunger.

If the madcap plan to boost world prices had succeeded, it would have been the world's poorest who suffered the most. It's ironic that those very people are now benefitting from Thailand's moronic 15 million ton stockpile.

The farmers who voted for this policy have more chance of breeding flying pigs than seeing cash from the EC by the 15th.

Depends what type of rice you're talking about. Hom Mali is around $955 - $965 a ton and Thai prices are comparable to rice producers around the world. (though I'm not sure why Uruguayan or Argentinian long grain white rice prices are above the norm - is it that good, never tried any myself?)

http://oryza.com/reports/monthly-review/oryza-october-2013-rice-market-review

Even though the review shows it as an October report, the figures in the left hand column are up to date, well dated 7th January 2008. But do keep on whinging. No other country in the world has agricultural subsidies after all.

How many countries in the world are losing close to a trillion baht on subsidies while claiming they need to borrow 2 trillion for infrastructure development?

In fact, how many countries in the world have a large portion of their labour force engaged in uneconomic activity, and are subsidising that activity to maintain income levels, rather than encouraging change?

[Thait Spot]

I'm sure the EC will say that selling rice can continue

And that further loans are not permitted at this stage.

Agree, and then the "caretaker" governement will say to the farmers,, "oh well, sorry everyone but parliament was dissolved so we are not permitted to look after you again,, it a different party gets in not sure they will continue with this,,, but if we get in again we will continue support, etc, etc,,"

Just really bad politics, Disgusting. As always the people in charge make money, the ones who will always lose when the poiticians play these games are the little guys, the farmers. The crash is coming and the poor farmers will be the ones who suffer.

Its still down to the government to sell the stockpiles to fund at least some of the payments and they're doing an awful job with that

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