 Flashermac
Curmudgeon
Posts: 30350
Loc: Transylvania
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Bangkok Post
28 Mar 2008
Soaring exports may cause local shortage
Thailand, the world's largest rice exporter, could face a shortage of rice after skyrocketing prices have encouraged traders to substantially increase their export volumes, Prasert Kosalwit, the director-general of the Rice Department, said yesterday.
Concerns over shortages could lead to the introduction of measures to control the amount of rice exported in the second half of this year if the price continues to increase. The measures have been floated by Deputy Commerce Minister Wiroon Techapaiboon.
Fears of a shortage come against a backdrop of signs of rice shortages in some countries, including the Philippines and neighbouring Cambodia.
The Cambodian government yesterday appealed for people to remain calm and not to stock up on food commodities after the government banned rice exports on Wednesday.
The Philippines rushed to sign a purchase agreement with Vietnam for 1.5 million tonnes of rice this year to alleviate an expected shortage in coming months. The agreement came one day after the government announced the country was facing a serious rice supply crisis.
India has banned the export of rice to other countries, while China and Vietnam have already reduced export volumes.
"A rice shortage in the local market is very likely," warned Mr Prasert.
Link
Artificial intelligence is no match for natural stupidity.
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Faustian
Carpal Tunnel
Posts: 6512
Loc: The Elysium fields
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In response to Flashermac - Thailand braces for rice crisis
Wow! Any idea why the prices have gone up? Why the local shortages in some countries?
| "Those who can make you believe absurdities, can make you commit atrocities" - Voltaire. |
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Old Hippie
I LOST a friend
Posts: 23724
Loc: SFO/OAK/BKK
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In response to Faustian - Thailand braces for rice crisis
Yeah, what caused this? Or is it more greed manipulation?
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Julian2
enthusiast
Posts: 7149
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In response to Old Hippie - Thailand braces for rice crisis
A lot of growers cut back on rice and switched to other crops like Soy beans and maize up here, the idea was that Chinese rice would be cheaper than growing it.
Having said that, most of the locals have a few rai and grow their own rice. they have a joint harvest with their neighbours and most families have twenty or thirty bags to put away or sell.
Edited by Julian2 on 28-03-08 07:38 PM. Reason for edit: No reason given.
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Flashermac
Curmudgeon
Posts: 30350
Loc: Transylvania
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In response to Old Hippie - Thailand braces for rice crisis
Financial Times
Bangkok Post
28 Mar 2008
Queen voices concern about rice problems
Her Majesty the Queen is concerned about living conditions of the farmers after rice are reportedly stolen in many areas while there is a shortage of water.
According to Sing Buri governor Prapas Boonyindee, Her Majesty told her lady-in-waiting that she is worried about the farmers and would like provincial governors to look after them closely.
Prasert Kosalwit, director-general of the Rice Department, said Thursday the country could face a shortage of rice after skyrocketing prices have encouraged traders to substantially increase their export volumes. In Ayutthaya, meanwhile, about 10,000 rais of paddy fields have been ravaged by pests, which have been added to farmers' financial problems.
Mr Prapas said there is enough water for off-season ricefields at this period only. He encouraged farmers to plant crops that do not use a lot of water.
Artificial intelligence is no match for natural stupidity.
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Flashermac
Curmudgeon
Posts: 30350
Loc: Transylvania
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In response to Flashermac - Thailand braces for rice crisis
Bangkok Post
28 Mar 2008
Jakarta tells Samak it wants to buy Thai rice
Prime Minister Samak Sundaravej on Thursday said that Indonesia expressed a desire to buy Thai rice on an annual basis and that he told Indonesian officials Thailand wants to purchase liquefied petroleum gas (LPG) from Indonesia in return.
Referring to his Wednesday discussion with Indonesian President Yudhoyono Susilo Bambang during his two-day state visit to the country, he said the Indonesian government had a proper understanding of political developments in Thailand.
Regarding bilateral cooperation, he said, both sides are willing to give full cooperation and provide mutual assistance in all areas.
Initially, the Indonesian government expressed its intention to buy 100,000-300,000 tonnes of Thai rice each year and the Thai government wanted to purchase one million tonnes of LPG from Indonesia in reciprocation.
Additionally, Jakarta was willing to support Thailandâ??s plan to buy fertilizers, which are abundant in Indonesia.
He said officials of both sides would check product prices in details and make a purchase order in due course.
Mr Yudhoyono said Thailand and Indonesia would discuss the bilateral cooperation in all levels and expand their cooperation in trade and investment, security, energy, and fishery affairs to increase trade value.
The Indonesian leader reaffirmed his support in the energy cooperation, saying Thailand would be allowed to co-invest in Indonesia's oil and gas exploration and production in Indonesia.
Indonesia is the sixth country in the region that Mr Samak has visited since becoming Thailand's new prime minister last month. He has also visited Laos, Cambodia, Singapore, Burma and Vietnam.
Artificial intelligence is no match for natural stupidity.
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Bangkoktraveler
. . . wish bone
Posts: 10986
Loc: ......end of the road.
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In response to Flashermac - Thailand braces for rice crisis
I heard that the price of rice has risen by 200 to 300%. Scary shit if true.
He dipped the pen into the ink and then faltered for just a second. A tremor had gone through his
bowels. To mark the paper was the decisive act. In small clumsy letters he wrote: April 4th, 1984 |
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chelseafan
League & Cup Winners 2010
Posts: 2477
Loc: London, UK
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In response to Bangkoktraveler - Thailand braces for rice crisis
It certainly is, remember if base items such as wheat, hops, rice etc go up, then so does pretty much everthing else.
I've just received my price increases from wine and beer producers and in some cases they have gone up by as much as 10%! We are talking big names here like Coors, Anheuser, Pernod and Constellation.
To top it off the Chancellor decides to put duty up by 4p a pint, the biggest single hike in 10 years. Welcome to rip-off Britain!
Life is getting very unconfortable for a lot of people globally. Get ready to stop buying the Heinz baked beans and look to switch to Tesco value beans 
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Dumsoda
Carpal Tunnel
Posts: 4189
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In response to Bangkoktraveler - Thailand braces for rice crisis
Rice prices (worldwide) have been steadily increasing over the past couple of years, but not to these levels.
Basmati, from Pakistan has jumped around 50% in the last 6 months (Talking about purchase quantities of +/- 1000 metric tonnes per contract)
Thai Jasmine, prolly 30%+ over same period / volumes.
Yet, drive by the Trading Coys up Country and see how little they are offering the farmers!!!!!!!
Cheers DS
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Julian2
enthusiast
Posts: 7149
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In response to Dumsoda - Thailand braces for rice crisis
Could mean more traffic on the Si Saket Highway.
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