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Thailand may lose No 1 rice exporter’s ranking to India next year


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Thailand may lose No 1 rice exporter’s ranking to India next year

 

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Thailand ranks the world’s top rice exporter for the first six months of this year with five million tonnes of rice exported representing an increase of 12.1 percent compared to the same period last year.

 

Thai Rice Exporters Association president Mr Charoen Laothammathat said Wednesday that he expected Thailand would retain this position with 9.5 million tonnes of rice estimated to be exported for the whole year.

 

Ranking the second, third and fourth places after Thailand for the first half of this year are India, Vietnam and Pakistan with export figures of 4.76 million tonnes, an increase of 12 percent; 2.66 million tonnes, a drop of 2.1 percent; and 2.44 milllion tonnes, an increase of 7.5 percent respectively.

 

However, Mr Charoen predicted that Thailand may lose its No 1 rice exporter’s ranking to India next year, citing stiffer price competition among the major exporters, increased rice cultivation in Thailand, Vietnam and India and purchasing slowdown among importing countries as well as the strengthening of baht currency.

 

Thailand’s total paddy rice yield this year was estimated at between 16-17 million tonnes with about 10-20 percent increase in the production of Hom Mali and sticky rice. Paddy price is expected to fetch less than 10,000 baht per tonne.

 

Mr Charoen suggested the government to work out measures to help rice farmers in wake of price drop but he said he was against price intervention. For instance, he said the government should provide farmers with a 2,000 baht per rai subsidy for farmers who farmed less than 20 rai.

 

He admitted that the exporters do not have enough money to buy rice from farmers to be kept at their warehouses, reasoning that exporters last year bought 150,000 tonnes of Hom Mali rice from farmers at 26,000 baht per tonne while the market price now for Hom Mali ranges from 22,000-23,000 baht per tonne.

 

Regarding the leftover rice from the rice pledging scheme estimated at nine million tonnes, Mr Charoen said the government could continue to sell the rice

from stockpiles but at the right timing and at appropriate quantities and at prices between 10-20 percent lower than the prices of new crops.

 

Full Story: http://englishnews.thaipbs.or.th/thailand-may-lose-no-1-rice-exporters-ranking-india-next-year/

 

 
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-- © Copyright Thai PBS 2016-08-03
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So the Thais may be relegated to 2nd of world rice exporters.......

Which of course is so much more important than producing good education for the kingdoms kids.....killing 25K on the roads...endless scams that create disharmony amongst the Thais.... criminality....human trafficking....the list of bad is endless here, yet losing 1st place selling rice makes headlines....there's something very wrong in Thailand....

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India topped No. 1 as a rice exporter in 2015 already. How do they know what is going to happen this year as it is not the end of it yet. And who knows what will be in 2017?

I agree with the previous poster that it is not a big deal to be first or second. Thailand has got major problems to tackle with, like poor education and the poor driving! 

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14 hours ago, ChrisY1 said:

So the Thais may be relegated to 2nd of world rice exporters.......

Which of course is so much more important than producing good education for the kingdoms kids.....killing 25K on the roads...endless scams that create disharmony amongst the Thais.... criminality....human trafficking....the list of bad is endless here, yet losing 1st place selling rice makes headlines....there's something very wrong in Thailand....

It is the loss of income GDP. Money that goes to build schools, pay teachers, built and repair roads, etc.

So yes it is important.

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1 hour ago, bark said:

It is the loss of income GDP. Money that goes to build schools, pay teachers, built and repair roads, etc.

So yes it is important.

 

 Rubbish!! growing rice does not make money for Thailand. Anything whereby subsidies are given/asked for, does not contribute to the countries coffers.

 If Thailand stopped producing rice the country would be better off. I hope that it drops down to two then three and so on until it is bottom of the pile.

 Growing rice is a mugs game (unless it is organic or some other niche produce) that stands a chance of being profitable.

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1 minute ago, lucky11 said:

 

 Rubbish!! growing rice does not make money for Thailand. Anything whereby subsidies are given/asked for, does not contribute to the countries coffers.

 If Thailand stopped producing rice the country would be better off. I hope that it drops down to two then three and so on until it is bottom of the pile.

 Growing rice is a mugs game (unless it is organic or some other niche produce) that stands a chance of being profitable.

 Wrong, Just because the old government stole 500 million baht one year ! Every country in the world gives subsidies.

Rubbish and mugs + UK. So remember that your government also gives subsidies. Thai's eat rice three times per day.

They only export about 10 percent. So 90 percent is domestic. Rice farming supports 4-5 million people( family included).

The 10 percent that is exported is the profit for these farmers, not the domestic sales.

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On 04/08/2016 at 11:52 AM, bark said:

 Wrong, Just because the old government stole 500 million baht one year ! Every country in the world gives subsidies.

Rubbish and mugs + UK. So remember that your government also gives subsidies. Thai's eat rice three times per day.

They only export about 10 percent. So 90 percent is domestic. Rice farming supports 4-5 million people( family included).

The 10 percent that is exported is the profit for these farmers, not the domestic sales.

 

The Thai farmer sells/delivers his rice to the mill, he doesn't know whether it will eventually go for export or domestic-consumption, and the price he gets is the same regardless  ...  that's his revenue & profit (net of costs) for the year.

 

The miller/dealer/exporter may make a bit of extra profit, but may have to hold stock until it's sold, and certainly will have financing/storage/chipping-costs to cover.

 

The government may or may not also get involved as an intermediary, smoothing-out supply/demand peaks in the price and sometimes subsidising it in some way, up to them.

 

It all adds to the country's GDP, regardless of where the rice eventually ends up, and this wouldn't be the first (or last) time that Thailand isn't the world's number-one exporter, it's of no great import other-than chest-beating !

 

Then there's the moot point, whether it's value or volume which matters most, in measuring who's top-dog ! :rolleyes:

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