| Rice exports set to plunge 35% in 2012. [Dec 24, 2012] | ||
Thailand is set to export 500,000 tonnes of rice this month, bringing the fullyear total to 6.9 million tonnes, down 35.3% from last year’s 10.66 million tonnes. ... [More] Source: Bangkok Post |
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| World Bank: Rice scheme will incur huge losses. [Dec 20, 2012] | ||
Thailand is set to lose up to 150 billion baht per harvest through the government's scheme of buying rice at inflated prices, the World Bank warned on Wednesday. ... [More] Source: Bangkok Post |
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| Rice shippers mulling drastic measures. [Dec 18, 2012] | ||
Costly Thai rice is expected to prompt more Thai exporters to procure and sell rice from overseas in lieu of Thai grains, or even relocate their milling base to neighbouring countries. ... [More] Source: Bangkok Post |
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| High prices sap Thai rice exports. [Dec 18, 2012] | ||
The high price of Thai rice has resulted in the Kingdom losing about 50 per cent of its export customers as countries switch to importing more rice from India and Vietnam, which offer more attractive prices. ... [More] Source: The Nation |
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NSTDA aims to keep Thai rice on top with research. [Dec 15, 2012] |
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Rice strain development and research into new farming techniques will top the National Science and Technology Development Agency's (NSTDA) agenda as it seeks to keep Thailand's rice industry competitive in the global market. ... [More] Source: Bangkok Post |
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| China ups rice buying - from Vietnam. [Dec 13, 2012] | ||
Rice purchases by China, the largest producer, may soar fourfold in the coming year after a government policy to support farm incomes drove up domestic prices, the United Nations said. ... [More] Source: Bangkok Post |
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Quality not enough to support high rice for Thai rice in HK. [Dec 11, 2012] |
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Commerce Minister Boonsong Teriyapirom, right at Hong Kong rice promotion activity in Hong Kong. Thailand cannot count on its reputation for producing high-quality rice and charge too much for it, as the global market is highly competitive and consumers are more willing to accept slightly lower quality to save money on this staple food, Hong Kong traders and Thai exporters agree. ... [More] Source: The Nation |
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| Commerce to return Bt80 bn to BAAC. [Dec 7, 2012] | ||
The Commerce Ministry reaffirmed yesterday that it could return Bt80 billion to the Bank for Agriculture and Agricultural Cooperatives this year to ensure smooth running of the rice-pledging project throughout next year. ... [More] Source: The Nation |
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| Push on to regain share of Hong Kong rice market. [Dec 3, 2012] | ||
The Commerce Ministry will cooperate with exporters to regain Thailand's share of the Hong Kong fragrant-rice market, increasing shipments of Hom |Mali (jasmine) rice to that city by at least 60,000-70,000 tonnes next year, after experiencing a heavy reduction. ... [More] Source: The Nation |
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| Three firms ink Bt6.24-bn deals; shipments start next year. [Nov 22, 2012] | ||
China's state owned Cofco, the country's largest grain trader, has inked agreements with three Thai rice exporters with a combined volume of 260,000 tonnes, worth Bt6.24 billion - the figure announced by the government - to start shipping next year, the Thai government said yesterday. ... [More] Source: The Nation |
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| Thai-China deal grainy on details. [Nov 21, 2012] | ||
The government is set to sign a memorandum of understanding (MoU) on rice sales with China today, but the amount to be sold will probably remain vague.According to a Government House source, Commerce Minister Boonsong Teriyapirom yesterday sought cabinet approval of the draft MoU on rice trade between the Thai and Chinese governments without stating the amount of rice or the purchase framework as bargained by China. ... [More] Source: Bangkok Post |
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| Rice talks urged during Chinese PM’s visit. [Nov 20, 2012] | ||
China should be asked to take a softer stance in its rigid trade and investment measures regarding Thai investors, Chookiat Opaswong, president of the Thai Rice Exporters’ Association said today. ... [More] Source: MCOT online news |
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| No accord reached on rice cartel. [Nov 19, 2012] | ||
Thailand's bid to push for an Asean ``rice cartel'' has stalled, with the other countries involved in the plan saying they are not ready to institutionalise rice cooperation. ... [More] Source: Bangkok Post |
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| Ministry to call for bids from rice exporters soon. [Nov 16, 2012] | ||
The Commerce Ministry plans to sell 600,000 tonnes of newly harvested Hom Mali rice along with 500,000 tonnes of white rice in the next few months. ... [More] Source: Bangkok Post |
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| Rice scheme in line with WTO rules. [Nov 16, 2012] | ||
The Ministry of Commerce insisted on Thursday that the government’s rice pledging programme is not against the rules of the World Trade Organisation as alleged. ... [More] Source: Bangkok Post |
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| Govt okays 5-nation rice trade zone; Shores up pledging scheme, steadies prices. [Nov 13, 2012] | ||
The cabinet yesterday approved the Commerce Ministry's plan to develop a rice trade partnership with Cambodia, Laos, Myanmar and Vietnam to stabilise international rice prices. ... [More] Source: Bangkok Post |
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| Bid to regain top spot in rice exports. [Nov 6, 2012] | ||
Officials expect Thailand to reclaim its position as the world's largest rice exporter next year through a combination of aggressive promotion of overseas sales and the effect of drought in key producer markets affecting global output. ... [More] Source: The Nation |
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| Rice exports short of target. [Nov 3, 2012] | ||
Thailand is expected to export only 7.5 million tonnes of rice this year, below the target of 8.5 million, says Tikhumporn Natvaratat, deputy director-general of the Foreign Trade Department. ... [More] Source: Bangkok Post |
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| Farms need big shake-up. [Nov 1, 2012] | ||
The agricultural sector, particularly the rice segment, is in critical need of a structural overhaul, analysts told a seminar hosted by the Thailand Development Research Institute (TDRI). ... [More] Source: Bangkok post |
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| Thailand slips down to 3rd spot. [Oct 25, 2012] | ||
Thailand's rice exports have now slipped to third place, behind Vietnam and India, but officials insist they are confident in the country's ability to retain its role as the world's biggest rice seller. ... [More] Source: Bangkok post |
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| Thailand tapped as rice stockpiler for the world. [Oct 22, 2012] | ||
The Commerce Ministry may seek funding from the Asia Cooperation Dialogue (ACD) to build a large rice silo in a move to establish Thailand as a food stockpiler for the world. ... [More] Source: Bangkok post |
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| US fear over Thai rice dumping is 'groundless' [Oct 21, 2012] | ||
Commerce Minister Boonsong Teriyapirom yesterday vehemently defended the government's rice-pledging policy, saying it had not breached any commitment under the World Trade Organisation (WTO) as the measure was aimed solely at helping domestic farmers. ... [More] Source: The Nation |
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| Myanmar cooperation sought on rice trading. [Oct 19, 2012] | ||
Thailand plans to cooperate with Myanmar and other major global rice producers to increasing the bargaining power for Asean countries and sell the crop at a high price in the world market. ... [More] Source: The Nation |
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| Rice deals are legal, PM insists. [Oct 19, 2012] | ||
Prime Minister Yingluck Shinawatra insisted yesterday the government's rice sales under government-to-government (G-to-G) deals had been reviewed and approved by the Council of State. ... [More] Source: The Nation |
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| Rice plan, export slide hike warehouse rents. [Oct 16, 2012] | ||
Higher demand for space to stock government rice under the pledging project and the slowdown in exports due to the euro-zone crisis have recently pushed up the cost of renting warehouses by 10-15 per cent. ... [More] Source: The Nation |
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| Rice shippers to help relieve stockpiles. [Oct 13, 2012] | ||
Rice exporters have stepped in to help sell rice in the government's stockpiles, starting with lucrative Hom Mali, but the move will be slated mainly for produce from the new harvest. ... [More] Source: Bangkok Post |
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| Boonsong: Rice sales 'secret'; Revealing G-to-G details 'could hurt foreign ties'. [Oct 12, 2012] | ||
Commerce Minister Boonsong Teriyapirom yesterday remained tight-lipped over the government-to-government (G-to-G) rice export controversy, saying details of rice sales are confidential and cannot be released to the public. ... [More] Source: Bangkok Post |
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| Evidence of fictional G2G rice deals wrong: Boonsong. [Oct 11, 2012] | ||
Commerce Minister Boonsong Teriyaphirom yesterday asked the public to ignore export figures and other evidence indicating that government-to-government rice contracts are not real, while reiterating that the government next year could generate Bt260 billion in sales proceeds for spending on the agricultural price-pledging policy. ... [More] Source: The Nation |
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| Thailand’s fragrant rice championship is challenged. [Oct 11, 2012] | ||
The global No 1 rank of Thailand’s fragrance rice is being strongly challenged by neighbouring competitors, especially Vietnam and Cambodian, Thai Rice Association honorary president Chookiat Ophaswongse said Monday. ... [More] Source: MCOT online news |
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| 7M tonnes earmarked for export: govt. [Oct 4, 2012] | ||
Sales are through government-to-government agreements, though exact figures are not being disclosed The government yesterday announced it has sold as much as 7 million tonnes of rice to other countries - mostly under government-to-government deals - but it declined to discuss the export figures in detail. ... [More] Source: The Nation |
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| PM insists rice scheme stays. [Oct 4, 2012] | ||
Prime Minister Yingluck Shinawatra and her cabinet insist the rice pledging scheme will continue despite strong criticism by the government's chief adviser. ... [More] Source: Bangkok Post |
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| New boss backs rice pledging. [Oct 2, 2012] | ||
The newly appointed permanent secretary for commerce has insisted the government's rice pledging policy does not violate the Constitution but instead helps improve the living. ... [More] Source: Bangkok Post |
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| Rice scheme goes to cabinet unchanged. [Oct 1, 2012] | ||
Cabinet ministers will consider final details of the rice pledging programme for the 2012-13 harvest tomorrow, with costs projected at over 400 billion baht. ... [More] Source: Bangkok Post |
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| Commerce Ministry defends rice scheme. [Sep 27, 2012] | ||
The Commerce Ministry has defended the government's rice pledging policy, saying the scheme does not violate the constitution as alleged by some academics. ... [More] Source: Bangkok Post |
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| Borrowing set at B480bn in fiscal 2013. [Sep 24, 2012] | ||
The Finance Ministry has set a new borrowing framework for fiscal 2013 of 480 billion baht, according to Chakkrit Parapuntakul, director-general of the Public Debt Management Office. ... [More] Source: Bangkok Post |
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| Weekly rice bids likely on the cards. [Sep 22, 2012] | ||
The Commerce Ministry will probably call bids each week to sell rice including 5% white rice for exports in a move aimed at unloading its huge stockpile. ... [More] Source: Bangkok Post |
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| Govt to continue rice pledging. [Sep 21, 2012] | ||
The government will continue with its rice price pledging scheme, despite calls by economists to end it, because most rice farmers like it, Commerce Minister Boonsong Teriyapirom confirmed on Thursday. ... [More] Source: Bangkok Post |
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| Boonsong orders faster rice delivery. [Sep 20, 2012] | ||
Commerce Minister Boonsong Teriyapirom has ordered officials to speed up the delivery at least 2 million tonnes of rice to foreign buyers by year-end. ... [More] Source: Bangkok Post |
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| NESDB leery of pledging; Burdens the state, bloats stockpile. [Sep 19, 2012] | ||
The state planner has warned the government of the perils of adding another 405 billion baht to the rice pledging programme for the new 2012-13 season, as it will add to the government's financial burden and bloat the amount of rice in the state stockpile to 50 million tonnes. ... [More] Source: Bangkok Post |
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| B400m to be set aside for pledging. [Sep 15, 2012] | ||
Subsidising the rice pledging scheme for the 2012-2013 crop year is expected to cost the government 400 billion baht. ... [More] Source: Bangkok Post |
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| Thailand says in deals to sell rice, buyers deny purchases. [Sep 13, 2012] | ||
Thailand, the world's top rice exporter, said it had signed contracts to sell 7.3 million tonnes of the stockpiled grain to foreign governments in exports from now until late next year, but top importers Indonesia and Philippines denied any deals. ... [More] Source : Reuters |
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| Thai rice industry surprised by deals. [Sep 12, 2012] | ||
The rice industry was taken by surprise yesterday by Commerce Minister Boonsong Teriyapirom's announcement that his ministry has concluded six export deals for a combined 7.33 million tonnes of rice. ... [More] Source: Bangkok Post |
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| Second round of rice bidding next week. [Sep 11, 2012] | ||
The Commerce Ministry will call a second round of bidding next week to sell the remaining 500,000 tonnes of rice left over from last month's tenders. ... [More] Source: Bangkok Post |
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| Rice exporters urge govt to face up to tough competitors. [Sep 7, 2012] | ||
The government should be keeping a close eye on Thailand's rice export, especially since it fell to third place in world rankings in July. ... [More] Source: The Nation |
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| B405bn for new rice pledging. [Sep 4, 2012] | ||
The government is moving ahead with plans to continue buying all grains of paddy for the 2012-13 season despite continued criticism of the government's massive spending to sponsor the populist schemes. ... [More] Source: Bangkok Post |
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| Proposed rice alliance with Vietnam raises some hackles. Farm chief slams ministers' ignorance. [Sep 3, 2012] | ||
Thailand has been advised to act with caution on a Vietnamese proposal to collaborate on rice production given the Thai government's goal of improving quality and yields while cutting costs for farmers. ... [More] Source: Bangkok Post |
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| Bid results put off to Tuesday; awaiting return of commerce minister. [Aug 31, 2012] | ||
The government has delayed announcing the winners of the rice auction to Tuesday from yesterday, pending the approval of Commerce Minister Boonsong Teriyapirom who will return from a trip abroad by then. ... [More] Source: Bangkok Post |
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| 30 bidders take part in govt rice auction. [Aug 29, 2012] | ||
Thirty millers, rice packers and exporters participated in the Commerce Ministry's auction yesterday for purchase of 753,000 tonnes of rice, higher than expected as the outlook for rice export during the rest of the year has improved. ... [More] Source: The Nation |
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| Insider says rice may sell at B6bn loss. [Aug 29, 2012] | ||
The Commerce Ministry's plan to sell 753,000 tonnes of rice and paddy may face up to 6 billion baht in losses as bidders are likely to offer market prices. ... [More] Source: Bangkok Post |
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| Govt to face Bt5,000/tonne loss at rice sale:Traders say. [Aug 27, 2012] | ||
The government will need to eat a loss of Bt5,000 for each tonne of rice it tenders because of the gap between the high pledging price and the market price, a top trader claims. ... [More] Source: The Nation |
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| Thailand wants regional body to boost rice value. [Aug 24, 2012] | ||
Permanent Secretary for Commerce Yanyong Puangrach said Thailand will join with four neighbouring countries to set up a federation of rice traders with the objective of pushing up regional rice prices. ... [More] Source: MCOT online news |
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| Govt urged to ensure transparency at rice pledging. [Aug 23, 2012] | ||
Rice traders yesterday warned about a repeat of bidding collusion, which would see the government's main stockpile fall in the hands of a giant exporter and trader and cause problems for Thai rice trading in the future. ... [More] Source: The Nation |
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| Exporters, millers hail news of rice sale. [Aug 22, 2012] | ||
The local rice industry is praising the Commerce Ministry's decision to unload more than 750,000 tonnes of rice from the state's huge stockpile for export and domestic needs. ... [More] Source: Bangkok Post |
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| Commerce calling for bids on rice. [Aug 21, 2012] | ||
The Commerce Ministry's Foreign Trade Department will call for bids on a total of 753,855.67 tonnes of different grades of rice and paddy from the state's stockpiles, reports said on Tuesday. ... [More] Source: Bangkok Post |
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| Big paddy pledges eyed amid graft fears. [Aug 16, 2012] | ||
The government will revise the criteria for managing the next rice crop to head off public concerns about corruption in the rice pledging scheme. ... [More] Source: Bangkok Post |
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| Government fosters cooperation in rice production. [Aug 15, 2012] | ||
The government is trying to foster active cooperation among rice producers within Asean countries, said Yangyong Puangrach, Permanent Secretary for Commerce. ... [More] Source: The Nation |
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| Govt shrugs off rice probe, US will send adviser to look into subsidy claim. [Aug 10, 2012] | ||
A top Commerce Ministry official says he is confident the US will find the rice-pledging scheme is above-board, despite fears that it breaches World Trade Organisation rules on export subsidies. ... [More] Source: Bangkok Post |
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| Rice scheme is 'pro-rich'; TDRI says pledging puts entire industry at risk. [Aug 8, 2012] | ||
The government rice pledging programme is rife with corruption and inefficiency, putting the entire industry at risk unless changes are made, local economists and rice experts said. ... [More] Source: Bangkok Post |
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| Rice stockpile to be bid without price floor. [Aug 2, 2012] | ||
The government will start selling its rice stockpile under this year's pledging programme without limits until the end of December, says Commerce Minister Boonsong Teriyapirom. ... [More] Source: Bangkok Post |
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| Thailand pushing for bigger Philippine quota. [Aug 1, 2012] | ||
Thailand will negotiate with the Philippines to expand its import quota for Thai rice and set transparent bidding as the Philippines pushes to set a quota for its rice imports until 2017. ... [More] Source: Bangkok Post |
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| Govt to continue with rice price subsidy scheme despite criticism. [Jul 30, 2012] | ||
Thailand's Commerce Ministry is preparing to seek approval from the National Rice Policy Committee to launch the second round of its nationwide rice mortgage scheme despite strong criticism that there will be huge public losses from buying paddy at a high price. The ministry will ask for Bt200 billion to finance the scheme. ... [More] Source: The Nation |
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| Thai rice losing on world market: TDRI. [Jul 30, 2012] | ||
Govt should pay farmers directly; turn pledging scheme to price guarantee. Rice exports plunged by half to a mere 4.7 million tonnes between October last year and this month, mainly because of the government's rice-mortgage policy, the Thailand Development Research Institute (TDRI) has said. ... [More] Source: The Nation |
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| Thailand will remain top rice exporter, says govt. [Jul 26, 2012] | ||
Thailand will maintain its position as the world’s largest rice exporter this year, permanent secretary for commerce Yanyong Phuangrach said on Thursday. ... [More] Source: Bangkok Post |
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| RICE EXPORTS: 'Sector may be heading for disaster'. [Jul 26, 2012] | ||
Rice industry, already lost the title of world's top exporter to India, is heading for disaster in the next few years due to a lack of proper strategic management of the rice-pledging scheme and the country's exports, the Thai Rice Exporters Association said yesterday. ... [More] Source: The Nation |
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| Exporters: State must sell rice stockpile to compete. [Jul 26, 2012] | ||
Thailand's rice industry will collapse unless the government takes more constructive actions by releasing rice from its huge stockpiles, chief of a local rice exporters association warned. ... [More] Source: Bangkok Post |
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| Rice cooperation takes centre stage at Hanoi talks. [Jul 12, 2012] | ||
The Commerce Ministry has approached rice-producing countries and the private sector to push for creation of an Asean Rice Federation aimed at increasing efficiency and stabilising prices. ... [More] Source: Bangkok Post |
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| Rice pledging scheme extended in bid to keep high domestic prices for Nov crop. [Jul 11, 2012] | ||
The government has extended its rice-pledging programme in a bid to maintain high local prices for the next main crop in November. ... [More] Source: The Nation |
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| Thailand sells 240,000 tonnes rice to Ivory Coast. [Jul 9, 2012] | ||
Thailand, the world's biggest rice exporter, has sold 240,000 tonnes of rice from its stocks to Ivory Coast in a government-to-government deal, the Thai commerce minister said on Friday. ... [More] Source: Reuters |
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| 5m tonnes of rice to be sold in second half. [Jul 6, 2012] | ||
Thailand hopes to sell 5 million tonnes of rice mainly to African countries in the second half of the year under government-to-government deals. ... [More] Source: Bangkok Post |
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| Next rice crop moved up to Aug 1. [Jun 25, 2012] | ||
The government plans to reschedule its rice price-intervention period for the next crop by moving it up two months. Agriculture Minister Theera Wongsamut said his ministry agreed with the panel on production of the Rice Policy Committee to run the 2012-13 pledging programme from Aug 1, 2012 to July 31, 2013. ... [More] Source: Bangkok Post |
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| Rice sector assured over foreign takeovers. [Jun 22, 2012] | ||
With concern deepening over foreigners raising rice in Thailand, the government has vowed to protect rice farming and trading against outsiders, including those from Asean, since the rice business is involved with national security under the Foreign Business Act (FBA). ... [More] Source : The Nation |
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| Commerce Ministry wants to establish rice federation in ASEAN. [Jun 22, 2012] | ||
The Ministry of Commerce will be joining in a discussion with rice producers in ASEAN about the establishment of a regional federation for rice, hoping to lay down a joint rice management system. ... [More] Source: NNT |
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| Indonesian rice deal negotiations scheduled. [Jun 18, 2012] | ||
Thailand will negotiate with the Indonesian government this week in hopes of selling 1 million tonnes of rice to the country. ... [More] Source: Bangkok Post |
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| Foreigners 'skirting rules protecting rice businesses'. [Jun 15, 2012] | ||
Farmers and traders stand to lose business as they face a serious challenge from many foreign firms, mainly Singaporean, which have set up rice-trading operations and plantations here under Asean seamless trade. ... [More] Source : The Nation |
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| State urged to sell rice now, Exporters say supply lasts only two months. [Jun 12, 2012] | ||
Exporters have called on the government to start selling rice from its stockpile as local supply tightens. Some exporters, including CP Intertrade, said their stocks will last only two months. ... [More] Source: Bangkok Post |
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| Thai govt to start releasing record rice stocks soon. [Jun 11, 2012] | ||
Unmilled rice stocks held by the Thai government have jumped to 15 million tonnes, the highest ever, Commerce Ministry data showed on Monday, and a ministry official said it would start releasing grain soon by selling in domestic and foreign markets. ... [More] Source: Reuters |
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| Commerce Ministry believes it can sell rice stockpile. [Jun 5, 2012] | ||
The Commerce Ministry will sell mostly white rice from its huge stockpile, says permanent secretary Yanyong Phuangrach. The sales could involve calling bids, government-to-government transactions, or so-called special methods. ... [More] Source: Bangkok Post |
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| Govt to continue rice pledging next year despite complaints. [Jun 5, 2012] | ||
Although rice exporters complain vociferously that pledging has damaged trading competitiveness, the government will prolong the policy next year to drive the price of white rice up to the target of US$800 per tonne. ... [More] Source : The Nation |
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| Exporters scoff at government's rice sale. [May 23, 2012] | ||
Rice exporters are doubtful of the government's ability to sell up to 2 million tonnes of rice as vowed by the Commerce Ministry, barring an unexpected food crisis or a drastic swing in prices. ... [More] Source: Bangkok Post |
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| Thailand will still be top rice exporter. [May 22, 2012] | ||
Thailand would be able to maintain its position as the world’s largest rice exporter this year, permanent secretary for commerce Yanyong Puangraj said on Tuesday. ... [More] Source: Bangkok Post |
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| Ministry stands by rice policy. [May 22, 2012] | ||
The Commerce Ministry is confident of Thailand retaining its status as the world's No.1 rice exporter this year, with a goal to ship 9 million tonnes. ... [More] Source: Bangkok Post |
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| Sweet dreams of Hom Mali reaching B30,000 a tonne. [May 21, 2012] | ||
Commerce Minister Boonsong Teriyapirom dreams of seeing the price of Hom Mali rice at 30,000 baht a tonne in the global market if rice-producing countries in this region can only cooperate and not undercut the price. ... [More] Source: Bangkok Post |
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| TDRI: Rice scheme to incur B70bn losses. [May 21, 2012] | ||
Prolonged implementation of the government's rice mortgage scheme will only serve to hurt the economy to the tune of at least 70 billion baht, say academics. ... [More] Source: Bangkok Post |
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| G2G rice deals to hit 2 m. [May 18, 2012] | ||
Thai rice exports under G2G (government-to-government) contracts are expected to reach at least 2 million tonnes this year, which should enable the country to reach its overall rice-export target for 2012 of between 8.5 million and 9 million tonnes. ... [More] Source : The Nation |
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| Kittiratt defends pledging; Insists global rice prices poised to rise. [May 7, 2012] | ||
The government should not be in a hurry to sell its stocks of unmilled rice at the current cheap global market price, as doing so will be certain to cause further price drops, says Finance Minister Kittiratt Na-Ranong. ... [More] Source: Bangkok Post |
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| Thai delegation heads to Dhaka with rice offer. [May 7, 2012] | ||
Thailand will urge Bangladesh to order at least 300,000 tonnes of Thai rice soon as the government wants to dispose of some of its huge stocks of the grain, shore up local rice prices and prolong the rice-pledging scheme through the main crop. ... [More] Source : The Nation |
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| FAO: World rice harvest forecast to rise in 2012. [May 5, 2012] | ||
The world rice harvest for 2012 is expected to surpass the strong showing of 2011 as the erratic climate conditions caused by the La Nina weather phenomenon dissipate and farmers increase their plantings, according to an initial forecast by the Food and Agriculture Organization of the United Nations (FAO) in its Rice Market Monitor released on Friday. ... [More] Source : MCOT |
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| Commerce minister orders probe. [May 2, 2012] | ||
Commerce Minister Boonsong Teriyaphirom has ordered the Foreign Trade Department immediately to investigate allegations of secret sales of rice, which could cause prices to slump in the open market. ... [More] Source: The Nation |
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| Thai rice loses price competitiveness. [May 1, 2012] | ||
Thai rice exports fell by 63% year-on-year in March as the government rice mortgage programme pushed prices well above competitors such as India and Vietnam, according to a senior Bank of Thailand official. ... [More] Source: Bangkok Post |
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| Corruption plagues government's rice-pledging scheme. [Apr 30, 2012] | ||
Prime Minister Yingluck Shinawatra said in a recent interview that the government was successful in carrying out its paddy pledging scheme for the main rice crop last year as promised during its election campaign, noted Thai Rath, adding that the administration is now carrying out its pledging scheme for the second rice crop during the dry season. ... [More] Source: Bangkok Post |
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| Exports down in March on continued Europe weakness. [Apr 27, 2012] | ||
Exports fell 6.5% year-on-year in March, the fourth decline in five months, as factories struggled to resume full production after last year's flood crisis. ... [More] Source: Bangkok Post |
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| Business as usual for the govt as Thai rice loses business. [Apr 26, 2012] | ||
The bad news from out there from the foot soldiers in the battlefield is that we are losing the fight and the commanders in the war room had better change the strategy. ... [More] Source: The Nation |
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| No Price Hike in Store for Bagged Rice. [Apr 26, 2012] | ||
The trade department insists the present bagged rice price is still moving within the range set by the government while saying no sellers have petitioned for a price hike so far. ... [More] Source: TANN |
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| Government urged to sell rice now; Former PWO chief warns about stock. [Apr 24, 2012] | ||
The government should allow a free rice market or risk ending up with 10 million tonnes in its stock, say observers. ... [More] Source: Bangkok Post |
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| Rice exports to drop from May as shipments to Nigeria wind down. [Apr 23, 2012] | ||
Thailand's monthly rice exports are likely to drop to 400,000 tonnes from May onwards after shipments of parboiled rice to Nigeria are fulfilled, while India will beat Thailand's rice-export volume this year. ... [More] Source: The Nation |
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| Thai rice trade faces peril. [Apr 23, 2012] | ||
Experts are sounding warnings again about the government's rice mortgage policy, saying the scheme is ruining the local and overseas markets for Thai rice while creating a huge and unnecessary debt burden for the state. ... [More] Source: Bangkok Post |
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| Kingdom eyes five-nation rice trade cooperation. [Apr 15, 2012] | ||
Thailand plans to cooperate with four other rice-producing countries in Asean on developing quality and a trading system to stabilise prices in the world market. ... [More] Source: The Nation |
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| Efforts on rice ties questioned; Differences hard to bridge, says Thai body. [Apr 9, 2012] | ||
Five Asean rice-producing countries are likely to resume efforts at collaboration, but the private sector still doubts whether coordination can be achieved due to the great differences between the countries. ... [More] Source: Bangkok Post |
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| Rice exports improving in March on sales to Nigeria. [Mar 23, 2012] | ||
Rice exports have improved this month after Nigerian importers stepped up their parboiled rice imports from Thailand after India failed to honour their delivery. ... [More] Source: Bangkok Post |
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| Rice traders urged to innovate, export processed products. [Mar 20, 2012] | ||
Rice traders have been urged to focus more on innovation and the development of processed products to offset slower exports of grain during an era of intense competition. ... [More] Source: The Nation |
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| Thailand inks MoU on selling 1 mln tonnes of rice annually to Bangladesh. [Mar 16, 2012] | ||
Thailand on Thursday signed a Memorandum of Understanding (MoU) with the South Asian country of Bangladesh to sell about one million tonnes of Thai parboiled rice annually, according to the Thai Commerce Ministry. ... [More] Source: MCOT online news |
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| Thailand’s exports fall 6% in January. [Mar 16, 2012] | ||
Thai exports in January contracted by 6.03 per cent year-on-year with the total value of over US$15.7 billion owing to Thailand’s 2011 mega-flood and sluggish demand in Thailand’s key markets --- the US, Japan and the European Union, according to the Ministry of Commerce. ... [More] Source: MCOT online news |
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| Agricultural price-pledging policy has failed. [Mar 12, 2012] | ||
Six months since the implementation of the price-pledging scheme for farm goods, it is time the Yingluck government reviewed the policy, which has cost Thailand more than Bt300 billion and left farmers unhappy as commodities prices remain low. ... [More] Source: The Nation |
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| Khao Hom Mali fragrant rice set for EU geographical recognition. [Mar 8, 2012] | ||
Thai "Khao Hom Mali Thung Kula Ronghai" (jasmine rice) will soon be the first product from Southeast Asia to receive Geographical Indication (GI) recognition from the European Union. ... [More] Source: The Nation |
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| Govt to release some pledged stocks of jasmine rice. [Mar 6, 2012] | ||
The Commerce Ministry will soon release jasmine rice from recently pledged stocks to increase the supply in the market after the main harvest season ended, but it is keeping quiet on how it will open bidding. ... [More] Source: The Nation |
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| Exports plummet as high price pinches. [Mar 5, 2012] | ||
The continuous rise in the price of Thai rice due to the government's pledging policy has led to a serious decline in export volume for the fifth consecutive month since the launch of the scheme in October.Govt's pledging policy blamed for scenario since October. ... [More] Source: The Nation |
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| Rice exports drop under new scheme. [Mar 5, 2012] | ||
Rice exports have declined this year as a result of the rice mortgage scheme implemented by the Pheu Thai Party-led government, a seminar organised by the Democrat Party was told yesterday. ... [More] Source: Bangkok Post |
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| Govt to hold back rice exports. [Mar 2, 2012] | ||
Except for some government-to-government deals, Thailand will not sell its rice stocks abroad in the near future. It will wait patiently for other exporters, mainly Vietnam and India, to run out of their rice before starting to release its stocks. ... [More] Source: The Nation |
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| Rice-pledging Plan - Scheme headed for disaster : academic. [Mar 2, 2012] | ||
The Bank for Agriculture and Agricultural Cooperatives (BAAC) plans to provide Bt120 billion to support the government's rice-pledging scheme for the second crop running from this month until September, while an academic has warned that the scheme is heading for disaster, as it is damaging the market mechanism and leading to high inflation. ... [More] Source: The Nation |
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| Main-crop rice pledging now finished; State sets minimum prices for supply sales. [Mar 2, 2012] | ||
The Commerce Ministry plans to sell the government's white paddy stockpile at a minimum price of 11,000 baht a tonne or 15,500 baht for milled white rice, says permanent secretary Yanyong Phuangrach. ... [More] Source: Bangkok post |
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| Importers are opting for cheaper varieties. [Feb 27, 2012] | ||
Trade representatives warn Thai exports face serious threat from India and Vietnam because of the price difference. ... [More] Source: The Nation |
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| PWO desperate for Indonesia rice sale. [Feb 27, 2012] | ||
The Public Warehouse Organisation is confident it can sell rice to Indonesia after buyers could not obtain orders from Vietnam and India, says Pol Maj Sarawut Sakulmeerit, PWO's director. ... [More] Source: Bangkok post |
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| Thailand to fall behind in rice exports. [Feb 27, 2012] | ||
Thailand might lose its leadership in rice exports to Vietnam very soon because of the government's rice mortgage scheme, Thai Rice Exporters Association president Korbsuk Iamsuree said Friday. ... [More] Source: Bangkok post |
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| DSI to probe abuse of rice-pledging scheme. [Feb 24, 2012] | ||
The Department of Special Investigation (DSI) has been asked to investigate abuse of the rice-pledging scheme further after receiving a report from the Commerce Ministry that there were instances of cheats colluding with farmers and millers for gains, according to the ministry's Internal Trade Department. ... [More] Source: The Nation |
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| Yanyong takes aim at BAAC. [Feb 23, 2012] | ||
The Bank for Agriculture and Agricultural Cooperatives acted beyond its remit after issuing a warning about possible cheating in the state rice pledging scheme, says a top official. ... [More] Source: Bangkok post |
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| Farmers told to play fair. [Feb 22, 2012] | ||
The Bank for Agriculture and Agricultural Cooperatives (BAAC) has warned farmers not to conspire with rice millers to cheat the rice pledging scheme. ... [More] Source: Bangkok post |
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| Rice packers eager for continued high margins. [Feb 21, 2012] | ||
The domestic rice trade remains profitable despite rising costs because of higher pay due to the state's pledging scheme. With over 5 million tonnes of rice to trade, competition is likely to heat up this year as packers plan promotional campaigns. ... [More] Source: Bangkok post |
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| Govt presses ahead with rice pledging. [Feb 20, 2012] | ||
Despite warnings on the huge stockpiles it will have to handle and severe export competition this year, the government has insisted on going ahead with its rice-pledging scheme, as it believes the strategy will drive up prices both domestically and in the international market. ... [More] Source: The Nation |
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| Govt plans second-crop rice pledging scheme. [Feb 14, 2012] | ||
The government will expand the rice pledging scheme for the second crop, after the scheme for the main crop ends this month. ... [More] Source: The Nation |
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| Indian rice exports taking toll. [Feb 13, 2012] | ||
Thai rice exporters are starting to suffer from an inability to export to the global market and some may cease operating if sales don't improve in the next six months, say industry executives. ... [More] Source: Bangkok post |
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| EU demand for organic rice high. [Feb 8, 2012] | ||
Despite slowing economic growth in the European Union, Thailand will continue to promote organic rice in the market, as demand there is still high. ... [More] Source: The Nation |
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| Commerce Ministry in joint farm promotion. [Feb 7, 2012] | ||
The Commerce Ministry plans to team up with neighbouring countries in selling farm crops on the global market for mutual benefit. ... [More] Source: Bangkok post |
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| State faces huge stockpile. [Feb 6, 2012] | ||
Thailand will have to deal with its biggest-ever rice stockpile of more than 10 million tonnes this year if the government insists on maintaining its subsidy scheme and targeted export price of US$700 per tonne. ... [More] Source: The Nation |
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| Rice exporter at their lowest level in a decade: report. [Feb 6, 2012] | ||
Thailand's hold on the title of world's biggest rice exporter started slipping last month after its exports fell behind those of Vietnam, whose traders are offering attractive prices while Bangkok concentrates on high subsidies to boost domestic prices. ... [More] Source: The Nation |
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| Farmers want cap on pledging to foil cheaters. [Feb 3, 2012] | ||
Rice farmers are calling for a ceiling on the value of rice that a farmer can pawn to the government to prevent huge losses for the government after some farmers abused their right to join the unlimited pledging scheme. ... [More] Source: The Nation |
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| Cap on second-crop pledging mulled to thwart cheats. [Feb 3, 2012] | ||
Farmers are proposing a limit on the volume of second-crop rice that farmers can pledge with the government, believing a cap would be an effective safeguard against cheating. ... [More] Source: Bangkok post |
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| Rice trade to fall 5 per cent in 2012, UN agency predicts. [Feb 2, 2012] | ||
The global rice trade is expected to decline 5 per cent year-on-year in 2012 due to falling demand, the United Nations' Food and Agriculture Organization (FAO) said Wednesday. ... [More] Source: The Nation |
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| 2nd-half surge expected to drive rice exports to 9.5m tones. [Feb 1, 2012] | ||
In spite of severe criticism that its rice-pledging scheme will damage export competitiveness, the government aims to drive rice export to 9.5 million tonnes worth between US$6.8 billion and $7 billion (Bt210 billion to Bt215 billion) this year. ... [More] Source: The Nation |
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| Govt firm on rice-pledging plan: Boonsong. [Jan 30, 2012] | ||
Despite rice traders' opposition, newly appointed Commerce Minister Boonsong Teriyaphirom has vowed to continue with the government's rice-pledging scheme as a top priority. ... [More] Source: The Nation |
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| State seeks to improve stubbornly low rice prices. [Jan 30, 2012] | ||
The government plans to push the average price of exported rice to US$700 a tonne and reap revenue of 200 billion baht by focusing on quality over quantity, says newly appointed Commerce Minister Boonsong Teriyapirom. ... [More] Source: Bangkok post |
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| Packers blast rice pledging scheme. [Jan 27, 2012] | ||
Slowing exports and unreasonable prices of Thai rice have prompted packers to call on the government to stop the pledging scheme and return to price guarantees for farmers to bolster exports and domestic trading. ... [More] Source: The Nation |
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| Rice scheme extended to June 30. [Jan 27, 2012] | ||
The Commerce Ministry will extend the rice mortgage scheme at the same guaranteed price until June 30. The current programme is scheduled to end on Feb 29. ... [More] Source: Bangkok post |
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| New commerce minister puts rice exports on high priority. [Jan 24, 2012] | ||
Boonsong Teriyapirom, the newly appointed commerce minister, will this week meet with rice exporters in a bid to ensure that rice exports exceed the Bt200 billion mark this year. ... [More] Source: The Nation |
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| Rice mortgage scheme extension mulled. [Jan 24, 2012] | ||
The government may extend the rice mortgage scheme for the main 2011-12 crop from the end of next month, but no specific time frame has been set, says newly appointed Commerce Minister Boonsong Teriyapirom. ... [More] Source: Bangkok post |
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| Thai Rice Production Seen Climbing to Record After Floods. [Jan 20, 2012] | ||
Rice production in Thailand, the world’s largest exporter, may climb 16 percent to an all-time high in the season from October as farmers expand plantings to offset losses from floods that inundated farms this crop year. ... [More] Source: Bloomberg |
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| Rice prices falling despite floods in South-East Asia. [Jan 20, 2012] | ||
World rice prices fell 3 per cent month-on-month in December and are on a downward trend for the first half of 2012 despite extensive flood damage to South-East Asia's crop late last year, the Food and Agriculture Oganization said Friday. ... [More] Source: The Nation |
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| Thailand's rice exports likely to drop this year. [Jan 17, 2012] | ||
The Thai Rice Exporters Association on Monday announced that the country’s rice exports will fall by 2.5-4 million tonnes to 6.5-8 million tonnes from last year’s 10.5 million tonnes. ... [More] Source: MCOT online news |
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| Rice Export Affected by Govt’s Pledging Scheme. [Jan 7, 2012] | ||
The Thai Rice Export Association president says the high rice price being offered by Thailand following the implementation of the rice pledging scheme have forced trade partners to switch to buying rice from other countries, resulting in a drop in Thai rice export. ... [More] Source: TANN |
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| Ministry in hunt for missing rice; Shortfall in mortgage scheme draws adit. [Jan 6, 2012] | ||
The Commerce Ministry will order rice millers to report their stocks to verify information, as only 4.7 million tonnes of paddy, an unusually low amount, has entered the mortgage scheme. ... [More] Source: Bangkok Post |
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| Rice, utility prices to rise this year. [Jan 5, 2012] | ||
Government's populist policies to hit consumers, exports. The retail price of a five-kilogramme bag of rice could go up 5-10 per cent this year because of the government's crop mortgage scheme, with rice exports also expected to plummet as a consequence. ... [More] Source: Bangkok Post |
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| Tough year ahead for Thai Hom Mali, Vietnam, Cambodia to be formidable rivals. [Jan 4, 2012] | ||
Thai Hom Mali rice exports will face tougher competition from Vietnam and Cambodia in 2012 as the rice from both countries has gained higher acceptance among foreign consumers, according to an industry group. ... [More] Source: Bangkok Post |
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