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Thai government defends chaos-mired rice policy


Lite Beer

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we all sympathise with the farmers who suffer (from late payments)," Yingluck said.

...we sympathize so much, that we will even sponsor the rope, if a farmer is so desperate to decide to commit suicide," Yingluck added, with tears in her eyes.

She then went on to say "we will sponsor the rope - but you have to pay the postage."

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"The government was trying its best to keep its monetary discipline ..." It's the lack of such discipline that has led the government, and the country, to where it is, today.

'Current Commerce Minister Niwatthamrong Boonsongpaisal says ... a separate deal with the Chinese government still stands.' As the old cliche goes, pigs will fly.

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"The government was trying its best to keep its monetary discipline ..." It's the lack of such discipline that has led the government, and the country, to where it is, today.

'Current Commerce Minister Niwatthamrong Boonsongpaisal says ... a separate deal with the Chinese government still stands.' As the old cliche goes, pigs will fly.

Don't you mean lice will fly, as in flied lice.

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More bullshit numbers being spewed.

Two days ago they were going to auction 500,000 tons, yesterday it was 1 million, today it's 400,000.

A couple of weeks ago they only had 10 million tons of the 2011-2013 seasons rice remaining, having bought 50mill, today the indications are it's actually 20million.

Various PTP cronies have told us they paid 701billion so far for 50mill tons, excluding the latest season. But that is clearly rubbish as that gives an average price of 14,000 per tone when it should be over 16,000 average price for the mix of white rice and Hom Mali.

They have also stated on several occasions they have only made back 180billion from sales. So either they sold 30mill tons at Baht 6,000 per ton or 40mill tons at Baht 4,500 per ton. Either way, the prices they appear to be selling at are shockingly low as they should be getting a minimum of Baht 9,000 per ton.

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