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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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