Commerce to auction off 400,000 tonnes of degraded rice

[rooster59]

Commerce to auction off 400,000 tonnes of degraded rice

BANGKOK: The Foreign Trade Department will announce the terms of reference (TOR) for the auction of 400,000 tonnes of degraded rice on July 6 after which those who are interested to join the bidding can inspect the rice on July 11-15, said Mrs Duangporn Rodpayat, the department head, on Friday.

The degraded rice are part of remaining rice stockpiles bought by the previous Yingluck government under the rice pledging scheme. They are inedible and good for being processed into animal feeds.

Mrs Duangporn said the auction would be held in parallel with the release of good quality grains from the stockpiles because there is demand in the market coupled with low yield.

She anticipated that over six million tonnes of rice would be exported this year and, by the middle of next year, all the remaining rice stockpiles bought under the controversial rice pledging scheme would be sold out.

Regarding the orders for the purchase of 2.8 million tonnes of rice placed by foreign buyers with the private sector, Mrs Duangporn explained that the exporters must meet the required qualifications such as having registered as exporters with the Foreign Trade Department for over a year, having purchase orders from buyers and that they must purchase the whole lot of rice from each warehouse.

Mrs Duangporn maintained that the government would sell rice at the right timing and would not sell too much rice at a time to make sure that the transactions would not impact on farm prices.

Source: http://englishnews.thaipbs.or.th/commerce-auction-off-400000-tonnes-degraded-rice/

-- Thai PBS 2016-07-02

[Ricardo]

" by the middle of next year, all the remaining rice stockpiles bought under the controversial rice pledging scheme would be sold out."

So the disposal of even the 'good' rice will now run into the middle of next year ... unless a further delay is announced ?

[waldroj]

"...Mrs Duangporn maintained that the government would sell rice at the right timing and would not sell too much rice at a time to make sure that the transactions would not impact on farm prices..."

While this may not be seen as "trying to fix the price of rice", it is a curious statement nonetheless, and one that I think is a little out of touch with reality.

Now, at the end of one of the strongest ever-recorded El Niño events, the onset of the rainy season should see the end of the drought affecting much of Asia. In turn, this should lead to good rice yields in the region over the coming year (AND, much less demand for the stockpiled and inferior rice - whether for human or animal consumption).

So, if they currently "anticipate" that it will be the middle of next year before clearing the stockpile, what allowance have they made for all the new rice produced across Asia during this period?

Maybe, the junta should have been more proactive in reducing the stockpile from the outset, instead of allowing it to seemingly linger as a visible monument to justify usurping control (or, were the stockpiles accidentally omitted from the long and winding road-map).

[impulse]

Maybe, the junta should have been more proactive in reducing the stockpile from the outset, instead of allowing it to seemingly linger as a visible monument to justify usurping control (or, were the stockpiles accidentally omitted from the long and winding road-map).

I'd cut them a little slack. The junta inherited a crap sandwich that's been 500 years in the making and it's going to take generations of playing whack-a-mole to reform it, no matter what form of government prevails during those generations.

(Unless, of course, they start pulling out fingernails and disappearing opponents, but I don't think anybody wants that)

[halloween]

"...Mrs Duangporn maintained that the government would sell rice at the right timing and would not sell too much rice at a time to make sure that the transactions would not impact on farm prices..."

While this may not be seen as "trying to fix the price of rice", it is a curious statement nonetheless, and one that I think is a little out of touch with reality.

Now, at the end of one of the strongest ever-recorded El Niño events, the onset of the rainy season should see the end of the drought affecting much of Asia. In turn, this should lead to good rice yields in the region over the coming year (AND, much less demand for the stockpiled and inferior rice - whether for human or animal consumption).

So, if they currently "anticipate" that it will be the middle of next year before clearing the stockpile, what allowance have they made for all the new rice produced across Asia during this period?

Maybe, the junta should have been more proactive in reducing the stockpile from the outset, instead of allowing it to seemingly linger as a visible monument to justify usurping control (or, were the stockpiles accidentally omitted from the long and winding road-map).

Yeah, better to crap on those trying to fix the problem than those who caused it. The only way that they could have sold more is to lower the minimum set price, reducing both the returns to treasury and demand for the rice being grown by farmers already struggling.

[aussieinthailand]

Rice keeps indefinitely (except brown rice) and only poor conditions it is kept under can degrade rice.

So who is responcible for the storage and conditions this rice is kept and why not charge them with dereliction of duty?

[impulse]

Rice keeps indefinitely (except brown rice) and only poor conditions it is kept under can degrade rice.

So who is responcible for the storage and conditions this rice is kept and why not charge them with dereliction of duty?

Gotta wonder what it would cost to install and run air conditioning in an un-insulated stadium sized warehouse in tropical Thailand. Otherwise, the humidity alone will rot the rice. Not to mention the leadtime to go out for bids, award contracts and wait for delivery of the A/C equipment.

Probably more cost effective to let the rice rot and make rice wine out of it.

[worgeordie]

The pigs are not going to be very happy,"do we have to eat this shit",2 legs

bad.

regards Worgeordie

[slapout]

To qualify to bid a exporter must have been in business for 1 year (what legal business could they have done in rice transactions in past year)? How about, are they on blacklist under another name,

were they involved in the procurement of the rice for previous government, are they being paid to store rice in warehouse, under the scam, are they required to provide bank bond to ensure they pay for rice, does any of their family answer yes to these and other questions? etc.

Lets see how much was learned from prior ag deals made during the Thaksin time frame, movement of cash into everyones hands, but where it should have gone (farmers)?

[peterb17]

Surely this can be used for industrial alcohol? ( oops cheap whisky )

A bit of mouse/ rat droppings will add to the flavour - coming to a seven near you shortly .

Or animal feed?

[halloween]

Rice keeps indefinitely (except brown rice) and only poor conditions it is kept under can degrade rice.

So who is responcible for the storage and conditions this rice is kept and why not charge them with dereliction of duty?

"Keep it fresh: Store in a cool, dry area."

Sound like many Thai warehouses to you?

"....white rice, like a lot of other grains, usually have a best by date and not an expiration date. Because of this, you can safely use it beyond the best by date." http://www.stilltasty.com/articles/view/35

"Well, you can live on it, but it taste like shit." Michael J. 'Crocodile' Dundee

[PETERTHEEATER]

They are inedible and good for being processed into animal feed

If they are inedible how can animals eat it processed or not?

[DrTuner]

That's a lot of half way done laukhao. Somchai won't notice.

[DrTuner]

Now, at the end of one of the strongest ever-recorded El Niño events, the onset of the rainy season should see the end of the drought affecting much of Asia. In turn, this should lead to good rice yields in the region over the coming year (AND, much less demand for the stockpiled and inferior rice - whether for human or animal consumption).

Floods aren't that good for farming, La Nina is stretching her muscles.

[peterb17]

They are inedible and good for being processed into animal feed

If they are inedible how can animals eat it processed or not?

OK wrong choice of word- unfit for human comsuption - is that better?

Suitable for tasty pig swill.