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Thai Commerce Min led exporters to sell rice to Hong Kong


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Commerce Min led exporters to sell rice to Hong Kong

BANGKOK, 15 January 2015 (NNT) -- The Ministry of Commerce has led a delegation of Thai rice exporters on a trip to Hong Kong, during which a cooperation contract will be signed between Thailand's and Hong Kong's rice trader associations


Gen. Chatchai Sarigalaya and the delegation of the Thai Rice Exporter Association will meet with Hong Kong's Minister of Commerce, Gregory So, and its rice importers. According to the Minister, a contract will be signed calling for Hong Kong to purchase 100,000 tons of rice from Thailand. This is the first time Hong Kong has signed a major deal with Thailand since Thailand lost her rice market to other countries a few years back.

However, the situation has changed now that the prices of rice from Thailand have dropped, enabling the country to compete with others in the market. With the support of the Commerce Ministry, Thai rice exporters hope to tighten relations with Hong Kong's importers, attracting them to buy more rice from Thailand in the near future.

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100.000 tonnes= A piss in Mississippi..............

And the delegation going there is costing the Thai taxpayers how much??

Edited by JOC
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"This is the first time Hong Kong has signed a major deal with Thailand since Thailand lost her rice market to other countries a few years back."

Finally admit it. Thailand went from #1 to falling off a cliff. Now, who will trust Thailand to not sell rotten rice?

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"This is the first time Hong Kong has signed a major deal with Thailand since Thailand lost her rice market to other countries a few years back."

Finally admit it. Thailand went from #1 to falling off a cliff. Now, who will trust Thailand to not sell rotten rice?

I worked in HK for 20 years and one of the many things the Chinese understand is rice so LoS will shoot themselves in the foot big time, again, if they try to unload any of the sub-standard stuff.

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"This is the first time Hong Kong has signed a major deal with Thailand since Thailand lost her rice market to other countries a few years back."

Finally admit it. Thailand went from #1 to falling off a cliff. Now, who will trust Thailand to not sell rotten rice?

I worked in HK for 20 years and one of the many things the Chinese understand is rice so LoS will shoot themselves in the foot big time, again, if they try to unload any of the sub-standard stuff.

The last I knew the government had purchased about 18 million tons for the rice scheme. Various reports said a lot was rotten, and others that much was missing. Others talked about insects.

So their only hope is to sell new rice which also isn't selling? What does that do to the 700 billion baht loan from the Ag Bank which was supposed to be paid off by rice sales and which still exists?

This 100,000 tons, if true, is a drop in the bucket and we've heard many reports of G2G sales which never actually happened. This isn't even a drop in the bucket for the current crop.

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"This is the first time Hong Kong has signed a major deal with Thailand since Thailand lost her rice market to other countries a few years back."

Finally admit it. Thailand went from #1 to falling off a cliff. Now, who will trust Thailand to not sell rotten rice?

I worked in HK for 20 years and one of the many things the Chinese understand is rice so LoS will shoot themselves in the foot big time, again, if they try to unload any of the sub-standard stuff.

The last I knew the government had purchased about 18 million tons for the rice scheme. Various reports said a lot was rotten, and others that much was missing. Others talked about insects.

So their only hope is to sell new rice which also isn't selling? What does that do to the 700 billion baht loan from the Ag Bank which was supposed to be paid off by rice sales and which still exists?

This 100,000 tons, if true, is a drop in the bucket and we've heard many reports of G2G sales which never actually happened. This isn't even a drop in the bucket for the current crop.

Quite a saga isn't it and add in something about a drowning man and a straw.

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Obviously the exporters have no clue where Hong Kong is, who the importers are there and so needed leading by the commerce ministry.

Did their wives go too at the public's expense ?

After all HK is world famous for its ' chop ping '.

Edited by NongKhaiKid
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100.000 tonnes= A piss in Mississippi..............

And the delegation going there is costing the Thai taxpayers how much??

True, but you have to start somewhere. A market lost is not easily regained. Just sitting home and emailing brochures with details of the wonderful Thai rice doesn't help much.

Maybe we can add the cost of regaining market share to the RPPS billions lost and add another question tomorrow to ask Ms. Yingluck ?

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This Junta-led government that is so high about transparency can't reveal the price for the rice deal? The reason Thai rice prices are so high is that Thai farmers have the least profit from rice sales because of higher production cost in the ASEAN countries. Now Thailand has lowered its prices (to market?) to make sales and that will result in smaller or zero profit margins. Forget sustainability. It's all about being #1 rice supplier.

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This Junta-led government that is so high about transparency can't reveal the price for the rice deal? The reason Thai rice prices are so high is that Thai farmers have the least profit from rice sales because of higher production cost in the ASEAN countries. Now Thailand has lowered its prices (to market?) to make sales and that will result in smaller or zero profit margins. Forget sustainability. It's all about being #1 rice supplier.

Logic is not your strongest point I guess.

How can a reason for high Thai rice prices by that Thai farmers have the least profit and that because of higher production costs in ASEAN?

Now if you would say that the RPPS has led Thai rice farmers to concentrate on quantity instead of quality as the Yingluck government bought ALL, and promised far above market prices, that would be more correct.

Now those high prices and enormous amounts of stored rice together with other countries being able to offer lower prices means Thailand HAS TO lower its prices or sell almost nothing.

With the current government trying to get rid of the 17 or so million tonnes of milled rice in storage no doubt prices get lower and Thailand may be #1 in quantity again this year.

Sustainability means getting the farmers to concentrate on quality, only give minimal subsidy for specific necessities (and directly to farmers) and offer additional incentives for innovation.

Edited by rubl
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