webfact Posted January 18, 2016 Share Posted January 18, 2016 Thailand's Private Sector Urging Government-to-Government Sales of Rice StocksBY JACOB MASLOWBANGKOK: -- 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 Link to comment Share on other sites More sharing options...
Srikcir Posted January 19, 2016 Share Posted January 19, 2016 "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) Link to comment Share on other sites More sharing options...
halloween Posted January 19, 2016 Share Posted January 19, 2016 "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? Link to comment Share on other sites More sharing options...
Ulic Posted January 19, 2016 Share Posted January 19, 2016 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. Link to comment Share on other sites More sharing options...
mango66 Posted January 19, 2016 Share Posted January 19, 2016 "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 !! Link to comment Share on other sites More sharing options...
mango66 Posted January 19, 2016 Share Posted January 19, 2016 "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 Link to comment Share on other sites More sharing options...
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