Hom Mali rice price plunges to the lowest in ten years

[rooster59]

Hom Mali rice price plunges to the lowest in ten years

 

The price of milled Hom Mali rice for the month of December as quoted by rice exporters at 15,800 baht per tonne or 8,000 baht per tonne of paddy which is the lowest in a decade.

 

The price of Hom Mali rice for 2016-17 crop is steadily plunging because potential buyers have suppressed rice prices in the wake of bumper harvests in most rice-producing countries.

 

Export price for milled Hom Mali rice for the month of December was quoted below US$500 or US$490 per tonne which is regarded as the lowest level in ten years.

 

The export price of 5% white rice has also dropped accordingly to US$347 per tonne for rice deals to Japan which is regarded as VERY low and is not much different from similar grains from Vietnam and India, Thailand’s main competitors.

 

Full story: http://englishnews.thaipbs.or.th/hom-mali-rice-price-plunges-to-the-lowest-in-ten-years/

 

 

 

-- © Copyright Thai PBS 2016-10-30

 

[Brer Fox]

Those pesky competitors again. Producing more rice than they should have and making life difficult for Thailand. It is just not fair.

It will be interesting to see how this pans out down the track and in what way it affects export revenue and the balance of trade and what impact it will have on the PM's budget.

To prevent the farmers from starving maybe they might have to do a "Yingluck" and pay a premium to the growers and store the rice, pray to the amulets and hope like hell the price will spike and they can make a killing.

It's called amulet agricultural economics. Similar in some ways to Pokemon Go tourism economics.

 

[harada]

The photo in the OP says it all.

[nontabury]

 A couple of years ago the shop price of rice increased considerably,due to low supply.will we now see a decrease in the price?

[worgeordie]

Rice must be like Petrol,price of Oil rises,Petrol price up in a few days,

Oil price drops ,Petrol price very slow to decrease, Rice same price in

Makro,

regards worgeordie

[worgeordie]

Rice must be like Petrol,price of Oil rises,Petrol price up in a few days,

Oil price drops ,Petrol price very slow to decrease, Rice same price in

Makro,

regards worgeordie

[webfact]

Lowest rice prices in 10 years force farmers to seek new sales ideas

October 31, 2016 01:00 
By Pratch Rujivanarom 
The Nation

 

 

Organic crops claim higher premium; scheme promoted for direct sales to consumers

 

BANGKOK: -- FARMERS ARE struggling to survive the lowest rice prices in a decade. For many, profits from selling paddy to rice millers are not sufficient to pay their debts and income from directly retailing their produce to consumers is unreliable. 

This harvest season has seen the lowest prices in the last 10 years with jasmine paddy sold for about Bt5 per kilogram. Farmers have complained that profits for selling paddy this year were not enough to pay off debts incurred to sow the crop. Rice millers have also said they could not pay higher prices to farmers because the global price had fallen so low.

 

Full story: http://www.nationmultimedia.com/news/national/30298766

 

-- © Copyright The Nation 2016-10-31

[Kiwiken]

Perhaps time to move away from small rice planting holding to larger scale operations with more mechanisation. That is where the treat comes form and it is a one way system. The old ways are fading and if you do not adopt the new. You will go the same way and fail

[Lupatria]

16 hours ago, Brer Fox said:

Those pesky competitors again. Producing more rice than they should have and making life difficult for Thailand. It is just not fair.

It will be interesting to see how this pans out down the track and in what way it affects export revenue and the balance of trade and what impact it will have on the PM's budget.

To prevent the farmers from starving maybe they might have to do a "Yingluck" and pay a premium to the growers and store the rice, pray to the amulets and hope like hell the price will spike and they can make a killing.

It's called amulet agricultural economics. Similar in some ways to Pokemon Go tourism economics.

 

Economy and Project Management are subjects not being taught at military academies. Some say it’s not necessary because it is not in a task range of an army.

[Srikcir]

18 hours ago, rooster59 said:

Export price for milled Hom Mali rice for the month of December was quoted below US$500 or US$490 per tonne

From January to May 2016 Hom Mali rice prices increased from  US$700-720/ton to US$795/ton. Now a sudden reversal in pricing to below US$500/ton.

Unexpected?

Thai Rice Exporters Association president Mr Charoen Laothammathat predicted in August 2016 about 10-20% increase in the production of Hom Mali for 2016.

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

"Shooting oneself in the foot" comes to mind.

Edited October 31, 2016 by Srikcir
lost word in quote??

[Brer Fox]

30 minutes ago, Lupatria said:

Economy and Project Management are subjects not being taught at military academies. Some say it’s not necessary because it is not in a task range of an army.

 

I expect you are right however that won't stop the ignorant military from trampling all over the agricultural sector until it is totally destroyed. 

Main tasks of the military are close order drill  and harsh discipline for recruits, saluting senior officers, keeping a watchful eye on the corrupt RTP, parading around fully armed in public places scaring the bags out of tourists and most importantly having ceremonies and pinning medals on each other. Children playing soldiers.

[elgordo38]

19 hours ago, Brer Fox said:

Those pesky competitors again. Producing more rice than they should have and making life difficult for Thailand. It is just not fair.

It will be interesting to see how this pans out down the track and in what way it affects export revenue and the balance of trade and what impact it will have on the PM's budget.

To prevent the farmers from starving maybe they might have to do a "Yingluck" and pay a premium to the growers and store the rice, pray to the amulets and hope like hell the price will spike and they can make a killing.

It's called amulet agricultural economics. Similar in some ways to Pokemon Go tourism economics.

 

Is rice farming going to do a downward spiral in all producing countries or are some countries producing at cheaper costs. Well at least they can all join hands and jump over the economic cliff together then again it could end up with the guy with the deepest pockets will be the last man standing. Come on throw more rice at weddings help the cause. 

[Brer Fox]

18 minutes ago, elgordo38 said:

Is rice farming going to do a downward spiral in all producing countries or are some countries producing at cheaper costs. Well at least they can all join hands and jump over the economic cliff together then again it could end up with the guy with the deepest pockets will be the last man standing. Come on throw more rice at weddings help the cause. 

I have spend the last ten years living between Thailand and Vietnam in the country. I see rice rice farming constantly in both countries. Vietnam farming has been changing over the years and I have witnessed their productivity improving constantly. Thailand on the other hand seems is stuck in the groove of almost medieval farming practices. I can't see a military government being much help to Thai farmers; quite the opposite more likely.

[elgordo38]

5 minutes ago, Brer Fox said:

I have spend the last ten years living between Thailand and Vietnam in the country. I see rice rice farming constantly in both countries. Vietnam farming has been changing over the years and I have witnessed their productivity improving constantly. Thailand on the other hand seems is stuck in the groove of almost medieval farming practices. I can't see a military government being much help to Thai farmers; quite the opposite more likely.

You have put your finger on the problem. Their attention is more in the direction of Toys for Boys than economic improvement. Pretty soon there will be little left to defend. 

[hotchilli]

4 hours ago, Kiwiken said:

Perhaps time to move away from small rice planting holding to larger scale operations with more mechanisation. That is where the treat comes form and it is a one way system. The old ways are fading and if you do not adopt the new. You will go the same way and fail

The problem is much of the rice is grown by families on small family plots.

If you go to large scale operations ie one farmer one tractor 10 Thai families go out of business with no other options

catch 22 due to generations of "lack-of-fore-thought"

Due to lack of education Thai farmers are caught & stuck in the past.

[Srikcir]

31 minutes ago, hotchilli said:

"lack-of-fore-thought"

Japan's family agricultural sector including rice farming has experienced many of the same characteristics and economic problems still facing Thailand's agricultural sector. But since the 1990's Japan has been implementing reforms, evaluating their effectiveness and improving on reforms to better produce profit margins against the global market prices.

 

http://www.nippon.com/en/currents/d00169/

http://www.tokyofoundation.org/en/articles/2008/the-agricultural-cooperatives-and-farming-reform-in-japan-1

The Thai governments have co-opted with Japan on infrastructure projects. Why not do the same for its agricultural sector?

[SOTIRIOS]

...missed the boat.....

 

...now hopefully they will make the previous 'captain' responsible....pay....

[Wake Up]

These are real dads and moms and kids starving because they cannot make a decent profit from a hard job. Easy for you to tell these families and the government "what to do!"  I saw the family farmer in America almost go under and I saw steel mills close and men kill themselves for lack of a job and money. Have a little empathy for your neighbor. This is not a joke. 

 

But don't let me interrupt you from your easy chair while you type easy fix it solutions and sprew criticism on your muutuu. But try to look past your bubble world and and have some empathy for others who were by mere chance born to a different mother in a different country than you. And I dare say many of these farmers are greater men and woman and contribute more to the world thna the muutuu  philosophers and critics of every subject that is discussed on TV. 

 

Peace for all not just a few. ??

[Dumbastheycome]

12 hours ago, Kiwiken said:

Perhaps time to move away from small rice planting holding to larger scale operations with more mechanisation. That is where the treat comes form and it is a one way system. The old ways are fading and if you do not adopt the new. You will go the same way and fail

If you  are a rice grower  you would have  some idea of the  very low or ( monetary) unpaid labour that goes into  preparing, planting, harvesting small holdings of  rice which overall  make up the  majority of  rice output  in Thailand. Mechanisation is  available but often rejected because  of the inefficiencies involved with small paddy and unfortunately often due to the lack of either concern as to how to properly use the  machinery to best  effect or an attitude  of "that's what   you get".

Larger  scale  combinations of paddy would probably provide an opportunity for greater efficiency but  unlikely to  happen voluntarily.

And  maybe to  no great advantage if the  operators of  mechanized  harvesters continue to proceed over  crop at speeds which  flatten and  waste 15 %rather than allow time to gather then so where is the advantage?

My wife  and I  prefer  have tried and rejected  mechanical harvesting  in preference of the  more socially financial distribution of  expenditure which  is  mostly offset in difference  by  the reduction in waste  and the quality due to the harvesting at a mature stage.

Luckily we   also utilize the  majority  of  our  output  from  6  rai  so the  market price  is somewhat irrelevant.

Especially when the purchase price per kilo/ton of rice is way below any respective  retail cost even if processing  in factored in.

There is a  game  going on which  may satisfy the  market players  but  is destroying the  small producers.......which may also  be a  factor of the game.

 

 

 

[Asiantravel]

16 hours ago, Srikcir said:

Japan's family agricultural sector including rice farming has experienced many of the same characteristics and economic problems still facing Thailand's agricultural sector. But since the 1990's Japan has been implementing reforms, evaluating their effectiveness and improving on reforms to better produce profit margins against the global market prices.

 

http://www.nippon.com/en/currents/d00169/

http://www.tokyofoundation.org/en/articles/2008/the-agricultural-cooperatives-and-farming-reform-in-japan-1

The Thai governments have co-opted with Japan on infrastructure projects. Why not do the same for its agricultural sector?

 

the Thai government should appoint a top rice salesman/marketer to go to Japan and convince people to buy Thai rice and not believe the lies their own government is telling them about the safety of their own produce

 

http://www.japantimes.co.jp/news/2015/01/18/national/all-2014-fukushima-rice-cleared-radiation-tests-thanks-to-fertilizer/#.WBficbf_rIU

 

[Srikcir]

3 minutes ago, Asiantravel said:

not believe the lies their own government is telling them

Reply is a bit off beat to my comment but what evidencedo you have that the Japanese government is lying? Or just using a scare tactic and the means justify the ends? If too offensive that might cause Japan to turn to other suppliers like India and the US.

 

An unstated point of my reference to what the Japanese have been doing to change the dynamics of their agricultural industry and specifically the rice sector is that the solution is a complexity of policies (vs  repeated cash subsidies and soft loans) and requires long range planning (vs immediate solution). Aspects that the Junta doesn't seem to tolerate. Maybe deliberately not really to want to alter the historical dynamics of the Thai agricultural sector.

[lopburi3]

In real world this (good) Benjarong 100% Jasmine rice has been on sale almost continuously for at least the last 9 months at large discount.  Current price is lowest.

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