webfact Posted August 11, 2014 Share Posted August 11, 2014 Thai rice exports in 2014 could exceed 9 million tonnes target By Digital ContentBANGKOK, 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) [tna]2014-08-11[/tna] Link to comment Share on other sites More sharing options...
rubl Posted August 11, 2014 Share Posted August 11, 2014 The value of that Yingluck legacy 18m tonnes seems to diminish to the point she will not even need one suitcase for it. Link to comment Share on other sites More sharing options...
DrLom Posted August 11, 2014 Share Posted August 11, 2014 "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! 1 Link to comment Share on other sites More sharing options...
ramrod711 Posted August 11, 2014 Share Posted August 11, 2014 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. Link to comment Share on other sites More sharing options...
chainarong Posted August 11, 2014 Share Posted August 11, 2014 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. 1 Link to comment Share on other sites More sharing options...
NongKhaiKid Posted August 11, 2014 Share Posted August 11, 2014 "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 Link to comment Share on other sites More sharing options...
ChrisY1 Posted August 11, 2014 Share Posted August 11, 2014 "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:)) Link to comment Share on other sites More sharing options...
longtom Posted August 11, 2014 Share Posted August 11, 2014 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? Link to comment Share on other sites More sharing options...
DrLom Posted August 11, 2014 Share Posted August 11, 2014 (edited) "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, 2014 by DrLom Link to comment Share on other sites More sharing options...
RTH10260 Posted August 11, 2014 Share Posted August 11, 2014 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. Link to comment Share on other sites More sharing options...
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