Thailand back as rice exporter champion

[webfact]

Thailand back as rice exporter champion



BANGKOK: -- The private sector yesterday stated that Thailand is again the number one exporter of rice in the world for the past two months period.

Sumet Laomoraporn, the Senior Executive Managing Director for International Business Affairs for CP Inter Trade, revealed that for the months of January – February of this year, Thailand managed to export a total of 1.5 million tons of rice which is the highest amount in the world.

This number exceeds India which has been able to export only 1 million tons and Vietnam managing to export only 800,000 tons.

The US Agriculture Department predicts that Thailand will become the number one exporter of rice in the world this year and it further projects that Thailand has the potential to export as much as 8.5 million tons of rice.

Source: http://englishnews.thaipbs.or.th/thailand-back-rice-exporter-champion/


-- Thai PBS 2014-03-22

[chooka]

So people are buying this overpriced, rotting rice.

[Soutpeel]

only becasue they are selling it cheaper to get rid of it LOL

[PaullyW]

They are essentially dumping it. Trying to look good here in this article

[wellred]

Does Thailand sell different types of rice or is it all jasmine? How does that differ from basmati?

[JoeThePoster]

Do India and Vietnam even know or care that they are in this race?

[noitom]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

They are essentially dumping it. Trying to look good here in this article

This is not an "article," this is propaganda.

[noitom]

They're back. So they claim.

[Roadman]

Most thai rices are quality rices. They have mountains of it to sell and tonnage is a good start. Problem is it is at a market over supply price well below all the costs incurred. They will need to live with low price for this year at least and possibly well into next year as well looking at full year projections of 9 to 10 tons on sales to date, until they can exhaust their own stock piles and demand catches up with supply. And the absolutely stupid scheme of Pheau Thai or more correctly to Thaksin's great business skills (sic) will cost what by the time the farmers are all paid out. At least the money now being generated is cash flow to be moved to the farmers who are still owed. The EC should be demanding a clear full daily audit of cash income from rice sales vs payments to farmers to keep am eye on these thieves and the cash. .

[NongKhaiKid]

Is this based on more phantom sales such as the one to China that never happened ?

[Yunla]

Thailand is a magnificent nation and has the potential to be high-ranking in many areas, if it is correctly governed. Rice is the obvious example, but the potential is there for a lot more besides. Sadly and relentlessly mismanaged to date, but with the right leadership the future for Thailand could be extraordinarily golden. I pray that this nation will eventually reach the heights that people here have toiled hard for and thoroughly deserve.

[Robby nz]

Most thai rices are quality rices. They have mountains of it to sell and tonnage is a good start. Problem is it is at a market over supply price well below all the costs incurred. They will need to live with low price for this year at least and possibly well into next year as well looking at full year projections of 9 to 10 tons on sales to date, until they can exhaust their own stock piles and demand catches up with supply. And the absolutely stupid scheme of Pheau Thai or more correctly to Thaksin's great business skills (sic) will cost what by the time the farmers are all paid out. At least the money now being generated is cash flow to be moved to the farmers who are still owed. The EC should be demanding a clear full daily audit of cash income from rice sales vs payments to farmers to keep am eye on these thieves and the cash. .

No it isn't, only a small percentage is quality Jasmine rice and even then Cambodia produces better rice. Best in the world for the second year in a row.

The scheme has encouraged farmers to grow quick maturing rice of lower quality.

How much of what they have sold is new season and how much is stockpile is another thing.

Don't know how rice sold into the futures market is factored into this, someone who understands that market might like to explain.

The money generated from sales will now go to repaying the 20 billion borrowed and not to the farmers.

Until that 20 billion (plus the interest) is repaid none of the money generated from rice sales will go to the farmers.

How much of that 20 billion gets to the farmers once "procedures" are completed is another thing.

There will never be an audit until we get a non Thaksin proxy Govt.

[PaullyW]

Thailand is a magnificent nation and has the potential to be high-ranking in many areas, if it is correctly governed. Rice is the obvious example, but the potential is there for a lot more besides. Sadly and relentlessly mismanaged to date, but with the right leadership the future for Thailand could be extraordinarily golden. I pray that this nation will eventually reach the heights that people here have toiled hard for and thoroughly deserve.

Hmmm, I wonder if you can elaborate on what you mean by magnificient. Also, couldn't one say that EVERY nation has potential to be great, or are Thais in some ways superior/inferior inherently to other nations?

[jaidam]

Impending sanctions of Thai exports and asset freezes on overseas bank accounts of govt ministers will take the shine off from this polished turd.

[smedly]

and the good news is ? Thailands tax payers have lost almost one trillion baht and rising - and the government has been unable to locate 500 billion baht which seems to have gone missing

oh forgot to mention - even if this is true - how much of this rice was part of the pledging scheme ? I suspect a lot of this rice sold was scammed rice which is why the farmers or government didn't get money for it - it came from the pledging scheme originally but was sold by .........who - keep the feet for dancing

Edited March 22, 2014 by smedly

[oldsailor35]

So people are buying this overpriced, rotting rice.

What proof that it is rotten. I think that is just a 'furphy' put out to scare people such as yourself.

[Naam]

Does Thailand sell different types of rice or is it all jasmine? How does that differ from basmati?

there is Basmati and there is (any) Thai rice

[noitom]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

Thailand is a magnificent nation and has the potential to be high-ranking in many areas, if it is correctly governed. Rice is the obvious example, but the potential is there for a lot more besides. Sadly and relentlessly mismanaged to date, but with the right leadership the future for Thailand could be extraordinarily golden. I pray that this nation will eventually reach the heights that people here have toiled hard for and thoroughly deserve.

Hmmm, I wonder if you can elaborate on what you mean by magnificient. Also, couldn't one say that EVERY nation has potential to be great, or are Thais in some ways superior/inferior inherently to other nations?

Thai are far superior to every nation in the world. Everyone knows that.

[Naam]

and the good news is ? Thailands tax payers have lost almost one trillion baht and rising - and the government has been unable to locate 500 billion baht which seems to have gone missing

oh forgot to mention - even if this is true - how much of this rice was part of the pledging scheme ? I suspect a lot of this rice sold was scammed rice which is why the farmers or government didn't get money for it - it came from the pledging scheme originally but was sold by .........who - keep the feet for dancing

no matter how often bullsh*t rumoured amounts drawn out of thin air are rehashed...

[JoeThePoster]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

Thailand is a magnificent nation and has the potential to be high-ranking in many areas, if it is correctly governed. Rice is the obvious example, but the potential is there for a lot more besides. Sadly and relentlessly mismanaged to date, but with the right leadership the future for Thailand could be extraordinarily golden. I pray that this nation will eventually reach the heights that people here have toiled hard for and thoroughly deserve.

Hmmm, I wonder if you can elaborate on what you mean by magnificient. Also, couldn't one say that EVERY nation has potential to be great, or are Thais in some ways superior/inferior inherently to other nations?

Thai are far superior to every nation in the world. Everyone knows that.

Except those that don't start with 'T' and end with 'D'.

[Naam]

Impending sanctions of Thai exports and asset freezes on overseas bank accounts of govt ministers will take the shine off from this polished turd.

not to forget the near imminent invasion of alien forces from the delta quadrant who are planning to establish a bridgehead in Nakhon Nowhere.

[Old Man River]

Does Thailand sell different types of rice or is it all jasmine? How does that differ from basmati?

This shows the different kinds of rice.

http://oryza.com/global-rice-market/asia-pacific

Sent from my iPad using Thaivisa Connect Thailand

[johnnysunshine]

The number one exporter in the world and mostly all we ever receive when I go to a restaurant is white rice which is pure junk like white sugar, white flour, white salt, etc. etc.

[dru2]

'Sumet Laomoraporn, the Senior Executive Managing Director for International Business Affairs for CP Inter Trade, revealed that for the months of January – February of this year, Thailand managed to export a total of 1.5 million tons of rice which is the highest amount in the world'.

Details, please.

1. Which countries bought the rice?

2. What quality and crops were 'exported'?

3. How much was paid?

4. Which companies handled the exports?

Without this evidence the claim that Thailand is once again 'world champion rice exporter' must be seen as a self-serving lie.

Edited March 22, 2014 by dru2

[HerbalEd]

Do India and Vietnam even know or care that they are in this race?

Given that rice exports are a key source of national income for all three nations, what do you think?

Edited March 22, 2014 by HerbalEd

[phantomfiddler]

Plainly and simply, I don,t believe it ! I once saw a plaque on Pattaya main beach saying that it had been voted the cleanest beach in S.E.Asia, and you don,t see too many of them posted on the shores of a settling tank

[Robby nz]

'Sumet Laomoraporn, the Senior Executive Managing Director for International Business Affairs for CP Inter Trade, revealed that for the months of January – February of this year, Thailand managed to export a total of 1.5 million tons of rice which is the highest amount in the world'.

Details, please.

1. Which countries bought the rice?

2. What quality and crops were 'exported'?

3. How much was paid?

4. Which companies handled the exports?

Without this evidence the claim that Thailand is once again 'world champion rice exporter' must be seen as a self-serving lie.

As I posted a couple of days ago on another related topic :

Posted by Robby nz on 2014-03-20 06:06:21 in Thailand News

I see it reported elsewhere today that the Govt has been doing "deals".

Reported that it has been selling rice through a "secret channel" to "certain exporters" at way below market price, quoted as 9.5 b per kg as opposed to 12-13 b.

Said to have disposed of 800,000 tons this way,

Not only undercutting the world price but also in direct completion with Thai rice farmers.

Also said that the price realized by the sales on the futures exchange were only 11.5 b per kg, again below world price and that interest on in the futures market has waned from 34 bidders in past auctions to 7 in the latest.

[JoeThePoster]

Do India and Vietnam even know or care that they are in this race?

Given that rice exports are a key source of national income for all three nations, what do you think?

I think they would want to export all the rice they can without building a display case for the champions trophies.

[Always18]

Does Thailand sell different types of rice or is it all jasmine? How does that differ from basmati?

there is Basmati and there is (any) Thai rice

Absolutely right.

The best Basmati rice knocks ANY other rice into the proverbial cocked hat - well worth seeking out over here but expect to pay a premium price for it.

[Bakseeda]

Most thai rices are quality rices. They have mountains of it to sell and tonnage is a good start. Problem is it is at a market over supply price well below all the costs incurred. They will need to live with low price for this year at least and possibly well into next year as well looking at full year projections of 9 to 10 tons on sales to date, until they can exhaust their own stock piles and demand catches up with supply. And the absolutely stupid scheme of Pheau Thai or more correctly to Thaksin's great business skills (sic) will cost what by the time the farmers are all paid out. At least the money now being generated is cash flow to be moved to the farmers who are still owed. The EC should be demanding a clear full daily audit of cash income from rice sales vs payments to farmers to keep am eye on these thieves and the cash. .

No it isn't, only a small percentage is quality Jasmine rice and even then Cambodia produces better rice. Best in the world for the second year in a row.

The scheme has encouraged farmers to grow quick maturing rice of lower quality.

How much of what they have sold is new season and how much is stockpile is another thing.

Don't know how rice sold into the futures market is factored into this, someone who understands that market might like to explain.

The money generated from sales will now go to repaying the 20 billion borrowed and not to the farmers.

Until that 20 billion (plus the interest) is repaid none of the money generated from rice sales will go to the farmers.

How much of that 20 billion gets to the farmers once "procedures" are completed is another thing.

There will never be an audit until we get a non Thaksin proxy Govt.

What nonsense... Cambodia produces nothing of quality... nearly all Cambodian rice has been sold to the Thai government as Thai rice ... with the backing of many Thai MPs. Paul Potts killed of all the good Camer Genes.. A country of filth , and fools... and philes.... should be eradicated.................