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Drought crisis sees sticky rice price double amid widespread shortages


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Drought crisis sees sticky rice price double amid widespread shortages

 

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Picture: Thai Rath

 

Thai Rath reported that the price of sticky rice to consumers has almost doubled year on year. 

 

There are dire shortages of the Thai staple as farmers hold onto supplies for their own use rather than sell it to mills and agents. 

 

This has been caused by 600,000 rai of land being unsuitable for sticky rice cultivation due to the drought crisis hitting Thailand. 

 

Domestic trade representatives have warned people not to engage in profiteering. 

 

In a widely shared article across Thai social media Thai Rath said that the price of sticky rice had increased from over 19,000 baht a ton in 2018 to around 38,000 baht a ton this August - a 98% rise. 

 

Sticky rice is a staple in Thailand particularly in the north east and north. But it is also popular as a compliment to many dishes in Bangkok. 

 

Source: Thai Rath

 

 

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-- © Copyright Thai Visa News 2019-08-21

 

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It's those bad, bad farmers again who dare sustaining themselves on their own produce. It's not like these straight-as-a-die millers or "agents" would be hoarding any sticky rice in order to drive up the price even higher. The price mentioned in the article is the wholesale price that millers and "agents" charge... the farmers receive only a small fraction of that, hardly enough to make a living. 

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The drought has created more than just a problem for the sticky rice domestic market. Thanks to the drought the rice export market is likely to take a big kick in the guts causing yet a further drop in the Thai export numbers. 

A drop in rice exports is likely to be further compounded by:

1. High baht.

2. Ample global stockpiles.

3. Cheaper rice from Vietnam. Thailand has been steadily losing market share to Vietnam.

4. China has been selling stockpiles of “old rice” to African markets previously dominated by Thailand.

 

The gloom and doom just keeps on coming.  Just the other day some flowerpot head Minister was telling everyone to........join hands, embrace change, have confidence in oneself, stand up, be strong and prosper.

All hope is lost I am afraid!

https://forum.thaivisa.com/topic/1118318-interior-minister-outlines-fundamental-economy-policy/

 

 

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Grimmace at the use of the term "crisis".  This is a mostly predictable, Boom/Bust annual event.   2 recent occasions exacerbated by gubmint leaders and their yes men, to avoid floods in the wet season.  Realize there are other factors, geo-political, agriculture, etc.

 

Amusingly though, the strategy seems to be inspired by a television game show.  What do we have for our lucky contestants, today, Bob?  How about a brand new DROUGHT!

 

So they spin the Wheel of Fortune and let <deleted>loads of water out of the dam.  Then, light some incense, shoot some homemade rockets into the blue sky and pray to the sky god for rain.  Wooops!  Solly Charlie, you roooze dis time.  Maybe neck year you get more rucky, ok?

 

We left on holiday mid-June.  The huge reservoir along the highway to BKK was looking great, finally recovered from the Yingluck "Burberry galoshes" Shinawatra dynasty.

 

Driving North from Swampy last week, it was like a Back to the Future.  The once brimming reservoir was shockingly low.  Cows grazing on new beach front property that was well and deeply submerged when we left 2 months before. 

 

Beggars can't be chosers.  I suppose a drought is less troublesome than flooded towns and cities.   Be nice if Thailand could eventually figure this one out.  Until then, we seem to lurch from one predictable, mostly avoidable, crisis to the next. 

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7 minutes ago, 55Jay said:

Grimmace at the use of the term "crisis".  This is a mostly predictable, Boom/Bust annual event.   2 recent occasions exacerbated by gubmint leaders and their yes men, to avoid floods in the wet season.  Realize there are other factors, geo-political, agriculture, etc.

 

Amusingly though, the strategy seems to be inspired by a television game show.  What do we have for our lucky contestants, today, Bob?  How about a brand new DROUGHT!

 

So they spin the Wheel of Fortune and let <deleted>loads of water out of the dam.  Then, light some incense, shoot some homemade rockets into the blue sky and pray to the sky god for rain.  Wooops!  Solly Charlie, you roooze dis time.  Maybe neck year you be da' winner, ok?

 

We left on holiday mid-June.  The huge reservoir along the highway to BKK was looking great, finally recovered from the Yingluck "Burberry galoshes" Shinawatra dynasty.

 

Driving North from Swampy last week, it was like a Back to the Future.  The brimming reservoir was shockingly low.  Cows grazing on new beach front property that was well and deeply submerged when we left 2 months before. 

 

Beggars can't be chosers.  I suppose a drought is less troublesome than flooded towns and cities.   Be nice if Thailand could eventually figure this one out.  Until then, we seem to lurch from one predictable, mostly avoidable, crisis to the next. 

And next April during songkran they'll waist millions of gallons of water throwing on people cars and motorcycles

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3 hours ago, webfact said:

There are dire shortages of the Thai staple as farmers hold onto supplies for their own use rather than sell it to mills and agents. 

Well, if they eat it and lose the house and farm.............................

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