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BANGKOK 19 July 2019 19:50
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Thailand to reclaim world's leading rice exporter role next year

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Posted Today, 10:38

Thailand to reclaim world's leading rice exporter role next year

I see that it says 'exporter'...no mention of the word 'profit' or even 'break-even' in the article whistling.gif

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If this was a horse race i'd rather keep my money, than have a bet, this horse is heavily over weight and needs a good trainer.cheesy.gif

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"So, either they dump the rice at less than they paid and cost Thai taxpayers money and raise the ire of the Global rice community for price dumping."

Why would that raise the ire of the Global Rice community? The rice will be sold at a loss(of what the Thai Government paid) but sold at the global price rate (what everybody else pays). It's a form of what's called an agricultural subsidy. Most countries have agricultural subsidies.

Not having time to teach you Economics 101, I will simplify it. To sell more than anyone else, you have to have the lowest price. When that price is some 40+% below what you paid for that commodity, it will be called 'dumping'. Not to be confused with 'dumplings', which are different.

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Just another day in the life of Thai politics. All p_iss and wind like a drovers mangy dog.

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How? By selling their almost rotten rice stocks at a very-very low price?giggle.gif

Easy, they sell to normal prices to the Chinese, and for the Highspeed railway the pay double price. And in the newspapers you find only:"Chinese buy 2 million tons of rice to worldmarket price"

whistling.gif

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yea right the world on the brink of war in an effort to buy all that rotting contaminated rice from Thailand. It has been sitting in wharehouses for 2 yrs without buyers.

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This is probably all bluster, but people on TVF would be sick as dogs if this transpired to actually happen.

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This is probably all bluster, but people on TVF would be sick as dogs if this transpired to actually happen.

Only if they ate some of that 'matured' rice.

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"So, either they dump the rice at less than they paid and cost Thai taxpayers money and raise the ire of the Global rice community for price dumping."

Why would that raise the ire of the Global Rice community? The rice will be sold at a loss(of what the Thai Government paid) but sold at the global price rate (what everybody else pays). It's a form of what's called an agricultural subsidy. Most countries have agricultural subsidies.

Not having time to teach you Economics 101, I will simplify it. To sell more than anyone else, you have to have the lowest price. When that price is some 40+% below what you paid for that commodity, it will be called 'dumping'. Not to be confused with 'dumplings', which are different.

But if you're providing rice in a market where there is a shortage of rice from the usual providers because of natural disasters and draught or as is the case from India who are coming to the end of their massive stockpiling, you're not dumping, you're making up the shortfall.

These countries that want rice are not going to buy it off of you because you have paid 40% more to your own rice farmers but you're selling it to them cheap? Sorry, even with my limited economics 2 + 2, I really don't think they are going to care a jot what you paid for it to be produced or how.

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"So, either they dump the rice at less than they paid and cost Thai taxpayers money and raise the ire of the Global rice community for price dumping."

Why would that raise the ire of the Global Rice community? The rice will be sold at a loss(of what the Thai Government paid) but sold at the global price rate (what everybody else pays). It's a form of what's called an agricultural subsidy. Most countries have agricultural subsidies.

Not having time to teach you Economics 101, I will simplify it. To sell more than anyone else, you have to have the lowest price. When that price is some 40+% below what you paid for that commodity, it will be called 'dumping'. Not to be confused with 'dumplings', which are different.

But if you're providing rice in a market where there is a shortage of rice from the usual providers because of natural disasters and draught or as is the case from India who are coming to the end of their massive stockpiling, you're not dumping, you're making up the shortfall.

These countries that want rice are not going to buy it off of you because you have paid 40% more to your own rice farmers but you're selling it to them cheap? Sorry, even with my limited economics 2 + 2, I really don't think they are going to care a jot what you paid for it to be produced or how.

Dumping is a claim made by other sellers, not by the buyers. If it is upheld, sanctions will be applied by the WTO (you know, not my father).

How does the world go from a glut to a shortfall? Has somebody's fortune teller told him what he wants to hear?

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"So, either they dump the rice at less than they paid and cost Thai taxpayers money and raise the ire of the Global rice community for price dumping."

Why would that raise the ire of the Global Rice community? The rice will be sold at a loss(of what the Thai Government paid) but sold at the global price rate (what everybody else pays). It's a form of what's called an agricultural subsidy. Most countries have agricultural subsidies.

Not having time to teach you Economics 101, I will simplify it. To sell more than anyone else, you have to have the lowest price. When that price is some 40+% below what you paid for that commodity, it will be called 'dumping'. Not to be confused with 'dumplings', which are different.

But if you're providing rice in a market where there is a shortage of rice from the usual providers because of natural disasters and draught or as is the case from India who are coming to the end of their massive stockpiling, you're not dumping, you're making up the shortfall.

These countries that want rice are not going to buy it off of you because you have paid 40% more to your own rice farmers but you're selling it to them cheap? Sorry, even with my limited economics 2 + 2, I really don't think they are going to care a jot what you paid for it to be produced or how.

The rice price pledging scheme was set up to let (some) Thai profit. With the MoC saying

"A total of Bt164 billion will be paid this year and the ministry plans to return Bt130 billion next year, at an average Bt12 billion per month."

it means most of the 660 billion Baht spent in two year is lost.

As for selling at market prices, the government has been very reluctant and very quiet in providing details.

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"So, either they dump the rice at less than they paid and cost Thai taxpayers money and raise the ire of the Global rice community for price dumping."

Why would that raise the ire of the Global Rice community? The rice will be sold at a loss(of what the Thai Government paid) but sold at the global price rate (what everybody else pays). It's a form of what's called an agricultural subsidy. Most countries have agricultural subsidies.

Not having time to teach you Economics 101, I will simplify it. To sell more than anyone else, you have to have the lowest price. When that price is some 40+% below what you paid for that commodity, it will be called 'dumping'. Not to be confused with 'dumplings', which are different.

Erm, no that's not right. IF the rice is sold at the market rate then it can not be called "dumping". Dumping is when they push a commodity product into the market trashing current rates and damaging the market. It doesn't matter how much money Thailand lose to the International community but the fear is because the stock pile is so huge sooner or later they will need to massively increase their exports and that they may "dump" the rice to do exactly that.

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How sweet! What a lovely little dick-head.

I am JUST dying to get my hands on those bonds, as I lub PTP too mut!

I hope Mr T him lub bonds him too mut, and lub Thailan him buy 75 billion baht bond

Or maybe Mr. T him short rite future, cos him lub monee more dan him lub Thailan

Edited by eddie61

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