Record rice stocks in warehouses | Bangkok Post: business

Rice stocks 'near record'

Published: 8 Feb 2013 at 20.18
Online news:

Rice stockpiles will surge to a record this year driven by the government's rice-purchase programme, according to the Food and Agriculture Organisation (FAO).

The FAO said the country may be running out of room to store the staple.

Milled holdings may jump 40 per cent to 18.2 million (metric) tonnes in 2013, the Rome-based United Nations agency said in a report Friday on the global rice market. The reserves, which averaged 5.4 million tonnes a year between 2008-2010, have increased from 7.8 million tonnes in 2011, according to the report.

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waters
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Discussion 14 : 09 Feb 2013 at 12.2814
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I can't help but wonder that if Thaksin really thought this rice pledging scheme was such a good idea, and forced it on his PT party, why didn't he invest a few billion of his own money to ensure its success, instead of investing millions in African gold mines? I wonder.
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bkk-farang
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Discussion 13 : 09 Feb 2013 at 12.0013
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Maybe the Shinawatra government wants to get an entry in the Guinness World Records. We all know that they won’t break any record for honesty or efficiency but they should apply for the biggest stockpile of rice ever. I guess they have a change to get and keep that record for some time. And maybe in a year or two they can apply for another word record: largest rotten stockpile of rice ever. Now nobody should say this Thai government is not good in something.
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dao
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Discussion 12 : 09 Feb 2013 at 10.3512
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Taxpayers money wasted to placate farmers with unsustainable prices which have destroyed the market .Not only do you have to pay more for rice now but you actually buy it twice .Once when yourtax money is wasted and again when you actually buy it .What a short sighted silly scam .
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waters
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Discussion 11 : 09 Feb 2013 at 09.3711
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"Thaksin said that the rice purchase reaps economic gains that are about three times the cost, according to an interview in September."

Well, the facts have proved him dead wrong.

Anyone notice how quiet he's been lately?
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jacksprat
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Discussion 10 : 09 Feb 2013 at 09.3510
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Maybe ever first time car buyer should be given a dozen sacks of government rice to go with their purchase.
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lillebror
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Discussion 9 : 09 Feb 2013 at 08.529
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Don´t forget whom owns all the warehouses ? Politicans maybe, whom will benefit for bigger stocks ? Hope people will blame Yingluck when they have to pay more for the rotten rice !
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oldairman
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Discussion 8 : 09 Feb 2013 at 07.228
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D2 I agree with you but the rice does NOT belong to Thaksin, NOR to the government but it DOES belong to the people of Thailand.
They paid for it as the government has no money of its own, only the peoples taxes and what it can borrow (and pay back with interest with taxpayers money) and Thaksin certainly won't pay for it out of HIS money.
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felixqui
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Discussion 7 : 09 Feb 2013 at 06.357
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"Exports may increase to 7.7 million tonnes this year, "

Then again, they may not.
The usual official Thai veil of ignorance imposed to render opinion worthless must lead rational people to suspect that something rotten is once again being hidden, other than the mounting piles of increasing worthless and unsellable rice. Those little piles of dirt are not too big even for a Thai carpet to hide.
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wyle
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Discussion 6 : 09 Feb 2013 at 06.246
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Why doesn't the government give the rice to the people free? The people have already paid for it.
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bkposter
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Discussion 5 : 09 Feb 2013 at 05.255
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RE: D4, The rice buying scheme is not new and not unique to this government, in fact the DP did much the same and campaigned on much the same. The difference this year is that there are record crops worldwide so their is an over supply already. The government needs to wean farmers off this subsidy and off the rice farms and must find either another crop for them to raise or other employment that might be non farm. To do that it needs to educate them and that is the biggest failure of this government and all past governments is providing education.
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Record rice stocks in warehouses | Bangkok Post: business

Rice stocks 'near record'

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