Thai rice exports in 2014 could exceed 9 million tonnes target
By Digital Content



BANGKOK, Aug 11 - The Thai Rice Exporters Association expects Thailand’s rice exports this year to exceed the target of nine million tonnes, thanks to high demand from overseas.

Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said Sunday it is highly likely that Thailand will be able to export more than nine million tonnes of rice, although the rice export volume might not reach the 10 million tonnes mark.

This will result in an increase of the domestic rice price for crop to be harvest late this year to 8,500 baht per tonne in line with the intention of the governing National Council for Peace and Order, Mr Chookiat said.

He noted that most international buyers want to purchase the new crop and are not very interested to buy paddy from the government’s stocks. However, he expects the country to be able to clear 18 million tonnes of rice in stock within 3-4 years.

Meanwhile, Chareon Laothamatas, president of the Thai Rice Exporters Association, said Thailand should be able to export more rice in the remaining months of this year and that the export volume should reach some 700,000-800,000 tonnes of rice per month due to high demand in the region, especially from Malaysia, Indonesia and the Philippines.

Mr Charoen said Thailand is also likely find rice exports less difficult as rival Vietnam does not have sufficient rice for export this year.

The Exporters Association president said that the Philippines will open bids for a supply of 500,000 tonnes of rice on August 27 and that it is a good opportunity for Thailand to try to clinch the import deal.

He noted that Thai rice prices remain lower than those of Vietnam. (MCOT online news)

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The value of that Yingluck legacy 18m tonnes seems to diminish to the point she will not even need one suitcase for it.

"He noted that most international buyers want to purchase the new crop and are not very interested to buy paddy from the government’s stocks."

 

Very acute man!

He noted that most international buyers want to purchase the new crop and are not very interested to buy paddy from the governments stocks.

What a surprise, I thought for sure that buyers from around the world would be lining up to purchase the Shins signature screw up.

One can only hope , lots would be pleased no end if the rice exports exceeded 9 million tonnes , however there are a few fences to jump before we break open the champers , it would be handy if these words could, likely, maybe were replaced with we have, things would be much clearer , another vague report out of Thailand.

"He noted that most international buyers want to purchase the new crop and are not very interested to buy paddy from the government’s stocks."

 

Very acute man!

Why buy Paddy when Mick is more intelligent and personable ?  Oh yes dat's roight

"It could exceed 9 Million tons".......yes...it may well exceed that....but of course we all know it won't....but the bosses will like the news:))

 

However, he expects the country to be able to clear 18 million tonnes of rice in stock within 3-4 years.

 

An this expectation is based on what exactly?

 

"He noted that most international buyers want to purchase the new crop and are not very interested to buy paddy from the government’s stocks."

 

Very acute man!

Why buy Paddy when Mick is more intelligent and personable ?  Oh yes dat's roight

 

 

 

Edit: As T. Shinawatra said to Scottish international investment Co. 'Ben Doon' , my accountant is Phil McCrack.

Edited August 11, 201411 yr by DrLom

 
However, he expects the country to be able to clear 18 million tonnes of rice in stock within 3-4 years.

 
An this expectation is based on what exactly?

Based on the current and predicted rotting rate of seasoned rice stocks. Not included yet in the prediction are the undetected scaffolding cases.