snoop1130 Posted November 5, 2019 Share Posted November 5, 2019 Thai rice exports decreasing due to stiff price competition, association chief warns By THE NATION Kriangsak Tapananon Thai rice is in trouble, with the price of 5 per cent Broken White Rice and sticky rice being very low, Thai Rice Mills Association president Kriangsak Tapananon said. New jasmine rice in the beginning of the season will be earmarked for export, and the old rice will be consumed in Thailand, he added. “We expect jasmine rice exports to decrease to 1.2 million tonnes, while total exports of all categories of rice will decrease to 8 million tonnes, declining from a normal rate of 9.5 million to 10 million tonnes per year or 10 million to 11 million tonnes during some past years,” he said. Kriangsak pointed out that the proportion of Thai rice on the global market was lower because rice sold by the country’s competitors was cheaper. “In the highly competitive global market, our competitors have chosen to offer lower prices to attract buyers,” he said. “To tackle this, we need to maybe recheck the whole rice export system,” Kriangsak said. “However, to do this by looking back at the market tendency, quantity, and price direction, the main problem is inevitably the production cost”. Kriangsak said that to deal with the current market situation, the quantity of rice per rai should be increased to meet market demand, while new markets should be found for all kinds of rice. It is also questionable whether the government’s policy of providing support only to the production sector including rice farmers is sufficient enough to help the entire rice trading system. “Milling entrepreneurs are operating their business in a much weaker state than before,” he said. “They need to be more cautious about the direction they are heading in to maintain their business in this pressured situation,” he added. Source: https://www.nationthailand.com/news/30378087 -- © Copyright The Nation Thailand 2019-11-05 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Artisi Posted November 5, 2019 Share Posted November 5, 2019 More fake news, but it's OK, TAT can spin it to be correct Link to comment Share on other sites More sharing options...
StayinThailand2much Posted November 5, 2019 Share Posted November 5, 2019 That's fine, as long as super-rich Thais, i.e. the top 50 families, as well as corporations, e.g. Central (there was a news item about their overseas' acquisitions just today) can buy property or companies at discounted rates abroad, thanks to the highly overvalued Thai baht. - Who ever cared in Thailand about the masses? Link to comment Share on other sites More sharing options...
CNXexpat Posted November 5, 2019 Share Posted November 5, 2019 5 minutes ago, snoop1130 said: New jasmine rice in the beginning of the season will be earmarked for export, and the old rice will be consumed in Thailand, he added. So if I want to eat new jasmine rice instead of the old one I have to travel abroad. Strange. Link to comment Share on other sites More sharing options...
petermik Posted November 5, 2019 Share Posted November 5, 2019 "our competitors have chosen to offer lower prices to attract buyers" should read "due to the strength of the baht our rice is too expensive" Link to comment Share on other sites More sharing options...
ratcatcher Posted November 5, 2019 Share Posted November 5, 2019 6 minutes ago, petermik said: "our competitors have chosen to offer lower prices to attract buyers" should read "due to the strength of the baht our rice is too expensive" Some may say it's called "pricing yourselves out of the market". Link to comment Share on other sites More sharing options...
Artisi Posted November 5, 2019 Share Posted November 5, 2019 59 minutes ago, CNXexpat said: So if I want to eat new jasmine rice instead of the old one I have to travel abroad. Strange. Why strange, business is business and money is money in Thailand, that's why the locals don't even come into the equation. Link to comment Share on other sites More sharing options...
Artisi Posted November 5, 2019 Share Posted November 5, 2019 25 minutes ago, petermik said: "our competitors have chosen to offer lower prices to attract buyers" should read "due to the strength of the baht our rice is too expensive" Just another weak Thai excuse to cover their collective stupidity. Link to comment Share on other sites More sharing options...
Fred white Posted November 5, 2019 Share Posted November 5, 2019 If exports are down why increase production and why worry about the mills it's the farmer that has the risks Link to comment Share on other sites More sharing options...
FarFlungFalang Posted November 5, 2019 Share Posted November 5, 2019 What ever you do don't mention the HIGH BAHT! Link to comment Share on other sites More sharing options...
Artisi Posted November 5, 2019 Share Posted November 5, 2019 1 hour ago, petermik said: "our competitors have chosen to offer lower prices to attract buyers" should read "due to the strength of the baht our rice is too expensive" One day, they might learn that Thailand is not the centre of the universe. A Link to comment Share on other sites More sharing options...
oceanyachting Posted November 5, 2019 Share Posted November 5, 2019 This will please Yinn who is proud of a strong Baht Link to comment Share on other sites More sharing options...
Soikhaonoiken Posted November 5, 2019 Share Posted November 5, 2019 What did they expect with the value of the strong Baht.... No surprise. Link to comment Share on other sites More sharing options...
baboon Posted November 5, 2019 Share Posted November 5, 2019 11 hours ago, ratcatcher said: Some may say it's called "pricing yourselves out of the market". Indeed. We can buy rice and seafood elsewhere. You only get to bully us when we are within your borders. And yes, their products are cheaper and at least as good as yours. We stupid foreigners can live just as easily without you as you can, us. Link to comment Share on other sites More sharing options...
mikebell Posted November 6, 2019 Share Posted November 6, 2019 14 hours ago, snoop1130 said: rice sold by the country’s competitors was cheaper. It's called business. It goes for all commodities. Farangs and their pensions are a commodity and neighbouring countries are bidding Thailand out of the market. Link to comment Share on other sites More sharing options...
jesimps Posted November 6, 2019 Share Posted November 6, 2019 I eat rice to fill me up, can't tell a good from a bad one. My wife finds this impossible to believe as all Thais are rice connoisseurs. Link to comment Share on other sites More sharing options...
worgeordie Posted November 6, 2019 Share Posted November 6, 2019 14 hours ago, snoop1130 said: the quantity of rice per rai should be increased to meet market demand, You cannot even sell what you have now !, so any increase in production would go into storage,and we know what happened the last time that occured. regards Worgeordie Link to comment Share on other sites More sharing options...
miamiman123 Posted November 6, 2019 Share Posted November 6, 2019 Those Red Bull Ferrari’s? Link to comment Share on other sites More sharing options...
Assurancetourix Posted November 6, 2019 Share Posted November 6, 2019 13 hours ago, Fred white said: If exports are down why increase production and why worry about the mills it's the farmer that has the risks Yes and no ; Norman's answer is said in France. Small farmers do not care; most grow rice for their personal consumption; it is only necessary to see the average surface of the exploitations in Issan and on these surfaces they cultivate about 75% of glutinous rice and thus 25% of white rice. Those who will suffer are the big farmers in central Thailand; those who make two and sometimes even three crops a year when they are at the edge of a stream or a lake; this at the expense of the richness of the soil but it is not their problem, they have never done agronomic studies and continue to do as their parents and grandparents until the total exhaustion of the soil. The wholesalers will buy their rice for a loaf of bread; they will not go into their expenses; if you are rich and have time in front of you (the Chinese have both: money and time), there will soon be business in gold on the market; Link to comment Share on other sites More sharing options...
GaryAdriaenssens Posted November 6, 2019 Share Posted November 6, 2019 Does this HOTSHOT think we're all idiots who believe everything. Every sensible human being knows why this decreasing happens. So blame yourself "expert"! Link to comment Share on other sites More sharing options...
The Deerhunter Posted November 6, 2019 Share Posted November 6, 2019 15 hours ago, StayinThailand2much said: That's fine, as long as super-rich Thais, i.e. the top 50 families, as well as corporations, e.g. Central (there was a news item about their overseas' acquisitions just today) can buy property or companies at discounted rates abroad, thanks to the highly overvalued Thai baht. - Who ever cared in Thailand about the masses? Exactly. Keep the Baht high to keep the price of Bentleys and Lambos low and and get a good exchange rate for buying the overseas bolt holes and vacation apartments in Paris, London , Los Angeles etc for the super rich. (Woops, I nearly said "Uber" Rich.) Who cares if the "200B a day" folk in Udon Thani can't sell their rice? What difference dos it make to the super rich except it helps to keep Thai farm and fishing wages low for even bigger profits? Oh deary me! Poor Thailand! Saint Petersburg 2017 and Beijing 1947? Does no one here read history books any more????? Do the super rich even care? Rhetorical questions, I guess!!!!!!!! Link to comment Share on other sites More sharing options...
DPKANKAN Posted November 6, 2019 Share Posted November 6, 2019 14 hours ago, petermik said: "our competitors have chosen to offer lower prices to attract buyers" should read "due to the strength of the baht our rice is too expensive" Or "being we are greedy trying to charge more"???????????? Link to comment Share on other sites More sharing options...
wombat Posted November 6, 2019 Share Posted November 6, 2019 15 hours ago, CNXexpat said: So if I want to eat new jasmine rice instead of the old one I have to travel abroad. Strange. Not really strange, just the way it is, same same but different...to enjoy the best beef Oz has to offer you have to be abroad. Link to comment Share on other sites More sharing options...
loong Posted November 6, 2019 Share Posted November 6, 2019 So why did the domestic price of sticky rice go sky high not so long ago? So high that they were smuggling rice into Thailand! Link to comment Share on other sites More sharing options...
Cadbury Posted November 6, 2019 Share Posted November 6, 2019 15 hours ago, snoop1130 said: “In the highly competitive global market, our competitors have chosen to offer lower prices to attract buyers,” he said. More economic gloom and doom. I doubt they are offering lower prices at all, rather just another cop out excuse for the high baht. Thailand just can't compete and they know it nor can they admit so they just simplistically blame production costs. Vietnam and India are eating into Thailand's traditional international markets and Thailand can't do anything about it. Other far more influential people need a high baht to expand their offshore investments; Central Group for example. Link to comment Share on other sites More sharing options...
emptypockets Posted November 6, 2019 Share Posted November 6, 2019 2 hours ago, mikebell said: It's called business. It goes for all commodities. Farangs and their pensions are a commodity and neighbouring countries are bidding Thailand out of the market. Please give some examples of this. Is there a pensioner visa attraction war going on that I am not aware of? No country wants or needs old poor foreign blokes any more. They are not a commodity in any sense of the word. Even in the home country they are a non productive liability. Link to comment Share on other sites More sharing options...
hotchilli Posted November 6, 2019 Share Posted November 6, 2019 16 hours ago, snoop1130 said: Kriangsak said that to deal with the current market situation, the quantity of rice per rai should be increased to meet market demand, while new markets should be found for all kinds of rice. But demand is decreasing ? Link to comment Share on other sites More sharing options...
Isaan sailor Posted November 6, 2019 Share Posted November 6, 2019 On my next trip back from America--I'll have to bring back some Uncle Ben's American white rice--since it's apparently cheaper, and fresher. Link to comment Share on other sites More sharing options...
kevin612 Posted November 6, 2019 Share Posted November 6, 2019 Your government is helping you, folks. Link to comment Share on other sites More sharing options...
Magenta408 Posted November 6, 2019 Share Posted November 6, 2019 I take consolation from this article. At least the Asia Region is growing plenty of rice and food as compared to North America which is NO longer. Link to comment Share on other sites More sharing options...
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