Thai govt mortgaged rice to be sold 'by Jan-Feb'

[PETERTHEEATER]

Err.......have they tried E-Bay?

[aimbc]

I think the THAI people deserve a full open book and transparent stock take and costings on this whole Rice Scam ..... If the Shin Government have nothing to hide .... Then come forward and produce the books .... For the Farmers , the Voters and the Whole Thai Population !! ..... Is this not what true Democracy is about ?????

Exactly, many people have asked the govt but they have all kind of excuses not to disclose it. They mentioned that the benefit of the policy won't be evaluatable until the end of the policy program, which is about 3 years or more. This is one of the many reasons people are protesting.

[aimbc]

So region level Gov entities.

That is a long long way from non-existant agencies.

Also, the blocking of the sale is... guess what... affecting sales. Transparancy my ass, it is only in motion to try and make trouble for the Government by peddling lies to re-ignite the failed coup.

Well, after scrolling through 43 posts, you are the only voice in the wilderness still yelling "Coup!"

<deleted> has happened to monies that the PTP received from rice sales. This must be one of the largest scams in Thai history, maybe even world history. Bernie Madoff would be proud.

Face the fact pipkins, the PTP will never be able to sell all the rice in storage, you must know it, we know it, PTP know it.

They are just issuing more lies about what they think they can do. And this is one of the main reasons Suthep is yelling in Bangkok at night.

Counsel for the defense over to you.

I think they left the building.

[blackman]

Just burn it and claim the insurance. Make more money that way.

Jewish stocktake?

[blackman]

Who cares who buys it from China? Get rid of it ASAP before it spoils! Thai govt in its own way.

More to the point get rid of the evidence before someone counts it and arrests Yonglick

[Nickymaster]

Wait, wait, we're all reading this wrong:

The Thai government is planning to auction off its mortgaged rice by late January and early February.

Under the general auction programme, the Department of Foreign Trade (DFT) is reportedly expecting to release at least 500,000 - 1,000,000 tonnes of rice by the end of this year.

So, what they're actually saying is January/February next year!

and by that time they will have around 15,000,000 tonnes is stock (somewhere...) Today they should have around 10,000,000 tonnes in stock. Selling 5-10% of that doesn't really help i guess.

I am waiting for the day that they will announce that 80% of all rice in stock is rotten and will be written of when in fact half is rotten and the other 30% is sold (of books) by Thaksin's clan.

[Rorri]

Rice scheme caper # 47 - misrepresenting the facts and being dishonest at any and all times.

" She noted that the price rate of Thai rice in global market remains unchanged at approximately 400 USD per tonne, and is currently competing with Vietnamese rice. "

For the last two months, Vietnamese rice has been priced at between $ 245 USD and $ 260 USD per tonne. Thai rice - on the other hand - at " approximately " $ 400 USD - is ,one presumes, priced for shipment to Pluto, to cover the cost of the long journey.

This Khaosod article is something else. The Pheu Thai officials they interview strenuously and incredulously maintain - after all the evidence that is considered so damning it's led to impeachment proceedings against Yingluck by the NACC - that there is indeed a China sale - that these companies within China are so independent that they can cut a deal with Thailand without even China knowing about it. But then there are all those massive stores of unsold rice that have piled up over the years, which now apparently are going to be " auctioned off " to excited buyers, looking forward to inspect the contents for bugs.

They don't need to check the stockpile for bugs.. just pop down to Tesco and check some of the bags there.