Indeed, the Yingluck administration's cheques to the rice farmers have bounced. As we learn more of the details of this scandal, it's now apparent that the journey into the insolvency stratosphere began over a year ago. When in government, this administration was able to successful dodge oversight scrutiny. Now that they are out of government ( officially since December 9 ) they are not, hence this unprecedented stream of revelations that have caught up with it.

All the Thai people needed was for the 'true believers' and 'profit takers' riding on the PTP coat tails

to finally see the reality of the decrepit horse they have been backing for far, far too long.

The chickens are coming home to roost in no votes and protests that won't stop no

matter the threats against them.

Can PTP lock up 55% of the country's voters to prevent this backlash?

Oh My God. As if it wasn't bad enough along come the Merry Millers. They will need to take a number soon as the queue is getting longer

"He compared farmers’ rice vouchers they received from selling rice to receiving cheques from the government and the cheques turn dud."

Huh?

Cue posts from Red-leaning TV-posters, blaming the year-old default to the millers/warehouse-operators, on the Electoral-Commission ?

Hahah or Suthep!

Oh My God. As if it wasn't bad enough along come the Merry Millers. They will need to take a number soon as the queue is getting longer

"He compared farmers’ rice vouchers they received from selling rice to receiving cheques from the government and the cheques turn dud."

Huh?

Cue posts from Red-leaning TV-posters, blaming the year-old default to the millers/warehouse-operators, on the Electoral-Commission ?

Hahah or Suthep!

If you ask any of the red-leaning TV poster, of course it's Suthep's fault along with every other problem that PTP has.

All the Thai people needed was for the 'true believers' and 'profit takers' riding on the PTP coat tails

to finally see the reality of the decrepit horse they have been backing for far, far too long.

The chickens are coming home to roost in no votes and protests that won't stop no

matter the threats against them.

Can PTP lock up 55% of the country's voters to prevent this backlash?

If they could, they would.

The roosters are coming home to roost alright, any one else owed money by this mob of corrupt thieves, sing out now while the pressure is on, (how many protests can a highway take), the PTP are a mob that the democrats should take to the high court with these range of corrupt issues for deregistration, don't be nice about it, throw the book at them, point out to the world the failures of the PTP, list them for the people with short memories, the PTP should be and their ministers banned for life from politics

The roosters are coming home to roost alright, any one else owed money by this mob of corrupt thieves, sing out now while the pressure is on, (how many protests can a highway take), the PTP are a mob that the democrats should take to the high court with these range of corrupt issues for deregistration, don't be nice about it, throw the book at them, point out to the world the failures of the PTP, list them for the people with short memories, the PTP should be and their ministers banned for life from politics

Considering that they are causing massive collapses of the nation, I think the death penalty may well serve the situation better seeing as they want to make this an absolute deterrent for future corrupt officials.

Why allow them to live just so they can all abscond into a life of luxury and then hand down whats left to their family in Thailand to enjoy?

Farmers are killing themselves over this. I would not think twice about it.

It's gets more insane by the day here...

here is an idea... why not export the rice to myanmar, cambodia, loas, vietnam again, where it came from ? sold at excellent fire sale prices

Were supposed to get 63k from New Car scheme on Monday!!!!!! I wont be holding my breath.

They'll be lucky. All rats deserting the sinking ship. Not long now.

What about the rats eating all that rice.

Thats the bonus you get when you buy it. No extra cost

Sent from my GT-S5310 using Thaivisa Connect Thailand mobile app

So about 800 Billion spent, but so far :

- Farmers not paid

- Millers not paid

- Bank not paid

Have the checked in the drawers because there must be some 800 Billion Baht laying around..

You know what ? Let's blame the Democrats for it.

Or the EC.

And yet people keep voting for the PTP

The figures I have worked out are 2 baht per month per sack which is (I think) a 50kg sack.

so 4 bt per 100kg

40bt per ton

40 M bt per 1 million tons

400M bt per 10 million tons

2 Bn bt per 50 million tons

All of this is for ONLY 1 month

4.6Bn bt per 10 million tons per year

On top of the 140% price they paid per ton and does not include transport costs.

Small money compared to the profit they expect when they sell the rice 50 years from now!

They need to take Yingluck's passport away asap

The money is in Dubai already, and she will follow soon.

But the farmers haven't been paid yet, so if the millers take stored rice in payment, that means the millers are stealing rice from the farmers.

But the farmers haven't been paid yet, so if the millers take stored rice in payment, that means the millers are stealing rice from the farmers.

Or they are stealing it from the government who actually don't have the money to pay anyone but themselves.

On a slight aside I wonder if they have the money to pay for the elction as well?

Queue Red Shirt Leaders calling them 'Fake Millers'

'And so it was that later,

as the miller told his tale

that her face at first just ghostly,

turned a whiter shade of pale.'

Perhaps send the storage-invoices to Dubai, with an Overdue-for-Payment reminder ?

Just when you think the news about the rice-scheme can't possibly get any worse, lo-and-behold it does, yet again !

Why would you say it is getting worse, the middleman is the one driving up the cost of rice, The article smells of a rat or rats trying to take advantage of the unpaid farmers,

The quote he said for rice at 15,000 baht per ton only applies to Jasmine rice, as Jasmine rice is not grown locally the highest allowed price is 12,000 baht per ton here in Central Thailand and in our village top quality local rice for 11,000 baht a ton, I have heard some local were able to mortgage their rice for 12,000 baht per ton! some for lower quality rice about 9,000 baht per ton.

A red flag was his comment that the international market price of 8000 baht a ton is incorrect, the current market price for Thailand's 5% broken is $450.25 per ton a little over 14000 baht per ton, the 8000 baht quote is for 100% broken that market price is 8,505 baht per ton!.

The price for Vietnam rice of the same quality is presently at 12,660 baht a ton.

So he is manipulating the price of the rice.Check out the market prices yourself, if it is an issue!

Cheers

...shameful.....

...one has to wonder....aren't any of this government's acts.............. criminal.....???

Now, as reported elsewhere, the Commerce Minister is asking the millers to pay 50% of the owed money to the farmers.... the mind boggles.

Now, as reported elsewhere, the Commerce Minister is asking the millers to pay 50% of the owed money to the farmers.... the mind boggles.

Clutching at straws......anyone?

Seems a good idea, the rice millers have the rice already they want it as payment instead of cash... fine just deduct it from stocks and it financially costs the gov nothing how easy is that ?

More sensible solutions like this please.

Seems a good idea, the rice millers have the rice already they want it as payment instead of cash... fine just deduct it from stocks and it financially costs the gov nothing how easy is that ?

More sensible solutions like this please.

One major difficulty with this solution is agreeing on a price.

Simple, bring in the forensic accountants, follow the money, jail the guilty parties that benefited illegally from the rice program.

Then end the program it's just stupid.

Now, as reported elsewhere, the Commerce Minister is asking the millers to pay 50% of the owed money to the farmers.... the mind boggles.

It's possible, very possible, that the millers have already been given some forward payments as part of the scam. Lets face it, they aren't the poor farmers who have zero bargaining power and just do what they are advised is the right thing to do at the time, like send us your rice - we will pay you well for it - trust us, we are Thai politicians and your hero and benefactor say's it's Ok. .

Simple, bring in the forensic accountants, follow the money, jail the guilty parties that benefited illegally from the rice program.

Then end the program it's just stupid.

I guess the Common Agricultural Policy is stupid too.

It's been around for 50 years now.

In a civilised society it pays to look after your farmers otherwise if they don't who's going to feed you?

musical chairs, but one day it will stop.

somebody is going to win,

does not look like the rice farmers will.

the rich get richer and the poor get the picture

I love it the reds never appear on a thread about the rice scam, I am still waiting for GK to tell us what went wrong especially after his big post several years ago how successful the rice scam would be.