Thailand's private sector urging G-to-G sales of rice stocks

[webfact]

Thailand's Private Sector Urging Government-to-Government Sales of Rice Stocks
BY JACOB MASLOW



BANGKOK: -- Thailand’s private sector is urging an increase in sales of the country’s rice stock through government-to-government (G-to-G) purchases.

According to the Deputy Commerce Minister, growth in rice shipments can be as high as 3% in 2016 in the best case scenario. The government would need to increase G-to-G deals and increase exports of processed farm products.

The government announced earlier in the month that the goal is to sell 2 million tons of rice through G-to-G sales, with an additional 1 million tons being sold to China to honor a memorandum of understanding.

Drought in Indonesia and the Philippines have caused both countries to have interest in buying Thailand’s rice. Both nations expect to have a lower supply due to the drought, and the Commerce Ministry is hoping to sell 9 million tons of rice this year. In 2015, the ministry projected 10 million tons of rice to be sold.

Full story: http://ethailand.com/business-news/thailands-private-sector-urging-government-to-government-sales-of-rice-stocks/1402/

-- eThailand 2016-01-19

[Srikcir]

"growth in rice shipments can be as high as 3% in 2016 in the best case scenario"

An odd scenario since Commerce permanent secretary Chutima Boonyaprapat, the private and farming sectors recently agreed that the yield for the 2016-17 croup years would be capped at 25 million tons instead of 31-32 million tons as the government wanted to reduce rice-farming areas due to drought and also to correspond with market demand. (2016-01-08)

[halloween]

"growth in rice shipments can be as high as 3% in 2016 in the best case scenario"

An odd scenario since Commerce permanent secretary Chutima Boonyaprapat, the private and farming sectors recently agreed that the yield for the 2016-17 croup years would be capped at 25 million tons instead of 31-32 million tons as the government wanted to reduce rice-farming areas due to drought and also to correspond with market demand. (2016-01-08)

What's odd about wanting to sell stored rice before it rots?

[Ulic]

With the drought causing lower production all through Asia, surely Thailand will be able to

lower if not entirely eliminate its old stockpile of Yingluck/Thaksin rice ? Production

decreases by Thailand alone will be significant.

[mango66]

"growth in rice shipments can be as high as 3% in 2016 in the best case scenario"

An odd scenario since Commerce permanent secretary Chutima Boonyaprapat, the private and farming sectors recently agreed that the yield for the 2016-17 croup years would be capped at 25 million tons instead of 31-32 million tons as the government wanted to reduce rice-farming areas due to drought and also to correspond with market demand. (2016-01-08)

What's odd about wanting to sell stored rice before it rots?

they still have to get read off of the rotten rice from Yingluk !!

[mango66]

"growth in rice shipments can be as high as 3% in 2016 in the best case scenario"

An odd scenario since Commerce permanent secretary Chutima Boonyaprapat, the private and farming sectors recently agreed that the yield for the 2016-17 croup years would be capped at 25 million tons instead of 31-32 million tons as the government wanted to reduce rice-farming areas due to drought and also to correspond with market demand. (2016-01-08)

There is not less demand for rice in the world !!

Just there is NO demand for Thai rotten rice

or for too high priced Thai rice ( coming from a too high valuated Thai baht !!

Therefore all export industry have the same problem in thailand,

Export is down,

now the baht have to go down too,

and export will rise,

but tell this simple principles to a Junta or any Thai economic leader !!

(( Thais learning in economical study: less sell, what you have to do ??

increase the price and you will get same income or even more !! ))

55555