cavanami Posted December 19, 2014 Report Share Posted December 19, 2014 Some good news Thailand Regains Top Spot in Rice Trade Amid Reserve Sales http://www.bloomberg.com/news/2014-12-18/thailand-regains-top-spot-in-rice-trade-amid-sale-of-reserves.html Rice exports from Thailand will rise to a record next year as sales from reserves and the end of a price-support program help the country retain its position as the largest shipper, the Food & Agriculture Organization said. Shipments surged 54 percent to 10.2 million metric tons this year, helping Thailand to replace India as the biggest exporter in 2014, the Rome-based agency said in a quarterly report today. In 2015, Thai shipments will gain further to 11 million tons even as local production drops, while India’s shipments will probably contract to 8.2 million tons from 10 million tons this year, the United Nations’ agency said. The Thai government halted a price-support program in February that had spurred the buildup of record stockpiles as exports fell, enabling India to become the largest supplier. The country’s military, which took power in May, said that it would press on with sales from the holdings. While dry weather in Thailand caused a water shortage that will cut the crop this season, its exports will keep on rising, the FAO said. “A development dominating the international rice trade this year has been the resurgence of Thailand,†it said, citing the end of the price-support program and sales from public stockpiles. “The ensuing restoration of its competitive edge has permitted Thailand to recapture much of the market share lost to India and Vietnam over the past two years.â€... Link to comment Share on other sites More sharing options...
Guest Posted December 19, 2014 Report Share Posted December 19, 2014 Looks like Prime Minister Prayut Chan-o-cha is starting to get on top of things Link to comment Share on other sites More sharing options...
pasathai1 Posted December 20, 2014 Report Share Posted December 20, 2014 where did all the stale rice go ? Link to comment Share on other sites More sharing options...
passingthru69 Posted December 20, 2014 Report Share Posted December 20, 2014 Where do you think?? That's why they will have top export. Try pedaling old rice for new rice. lol Link to comment Share on other sites More sharing options...
Coss Posted December 20, 2014 Report Share Posted December 20, 2014 Been buying Aussie rice , don't trust Thai rice any more. Link to comment Share on other sites More sharing options...
The_Munchmaster Posted December 22, 2014 Report Share Posted December 22, 2014 Of course the other countries haven't lost $20 billion selling their rice. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now