cavanami Posted October 6, 2014 Report Share Posted October 6, 2014 Thailand tipped to retake crown as world's top rice exporter http://news.yahoo.com/thailand-tipped-retake-crown-worlds-top-rice-exporter-045927312.html Two years after losing its place as the world's biggest rice exporter, Thailand is eyeing a return to the top spot as the impact of a bungled subsidy scheme eases and it sells cheaper grain to a grateful global market. The subsidy, which offered farmers up to 50 percent above market rates for their rice, helped former premier Yingluck Shinawatra win the rural votes she needed to take office in 2011. But it also sent tremors through the world market before spectacularly unravelling, leaving Thailand with around 18 million tonnes of over-priced rice and Yingluck skewered by a corruption charge. Thailand was pushed off the top spot by India in 2012, as buyers hit back at the kingdom's attempt to fund the costly subsidy by driving up global prices through grain hoarding. India and Vietnam moved swiftly to gobble up Thailand's crumbling market share, with the Indian government rapidly releasing more of their own rice for export. Thailand's junta, which seized power in May, ended the rice scheme soon after the coup and is flogging stockpiles to soften the price of Thai rice to around $450 a tonne -- comparable to India and Vietnam. Many now predict the kingdom's industry is again set to surge... 1 Link to comment Share on other sites More sharing options...
Guest Posted October 6, 2014 Report Share Posted October 6, 2014 Thailand number 1 .. Link to comment Share on other sites More sharing options...
Coss Posted October 6, 2014 Report Share Posted October 6, 2014 Many now predict the kingdom's industry is again set to surge... Are these Thais that are doing the predicting? 1 Link to comment Share on other sites More sharing options...
Flashermac Posted October 7, 2014 Report Share Posted October 7, 2014 Haven't you seen the divining chickens? You drop a coin in a slot, which releases some chicken feed. The chicken picks a fortune slip at random for you and then gets to eat the chicken feed. Link to comment Share on other sites More sharing options...
YimSiam Posted October 9, 2014 Report Share Posted October 9, 2014 They'd better 'surge' in sales, if they have these piles of stock just sitting, waiting to rot... Of course, price will not be a happy one - but never fear, the solution is at hand! “Every farmer grows rice. Why are you surprised if the price goes down? Perhaps, farmers should grow rice once a year. Don’t grow it too often. Or try to grow something else, or shift to other kinds of farm work. This will solve the price situation.†Link to comment Share on other sites More sharing options...
cavanami Posted October 9, 2014 Author Report Share Posted October 9, 2014 The farmers in the Khon Kaen can only grow rice once a year. Other parts of Thailand (Surin?) can grow it more then once a year. Tesco-Lotus has been selling a good rice for 79 Baht / 5 Kg bag Link to comment Share on other sites More sharing options...
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