Thailand loses top rice exporter title

Published: 4 Jan 2013 at 13.09
Online news: News

Thailand lost its three-decades-old title as the world's top rice exporter last year, falling behind India and Vietnam, industry sources said on Friday.

At $100 to $200 a tonne more than what other countries charge, Thai rice is not finding as many overseas buyers as it used to.

Vietnam on Thursday announced that its rice exports for 2012 reached 7.6 million tonnes, up 10% year-on-year. India's rice exports last year exceeded 9.5 million tonnes, according to US Department of Agriculture figures.

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geoffo
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Discussion 18 : 09 Jan 2013 at 19.1418
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Today on VOA news Cambodia announced it was selling 300,000 tonnes or rice to Indonesia. In 2011 its rice sales were only about 2,000 tonnes but since early 2012 sales have shot up. Officials say they are looking for reasons why the sudden upsurge in demand.
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loopholes
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Discussion 17 : 08 Jan 2013 at 22.1017
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Our younger generation continued to shoulder public debts ! Just so sad !!
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drsmith
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Discussion 16 : 05 Jan 2013 at 12.0816
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"The other deals are still a mystery to us since we've seen no records of them." Check the bank accounts of the politicians and you will probably solve this mystery.
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jacksprat
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Discussion 15 : 04 Jan 2013 at 22.4215
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Maybe all the surplus rice can be made into lao khao and sold that way.
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brilliant
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Discussion 14 : 04 Jan 2013 at 21.5614
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You can argue tonnage, I guess, but this says it all "The export value in 2012 dropped by 20% to US$4.73 billion."
PTP and their supporters keep saying the higher price will offset the loss in volume. Nope.
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meme
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Discussion 13 : 04 Jan 2013 at 21.5113
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Another failed policy by the Shinawatra dictatorship. Thaksin thinks, Thailand sinks ...
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san191
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Discussion 12 : 04 Jan 2013 at 21.3712
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This is the first time, Thailand, rice exporter country, has done the right thing. Food should stay in Thailand, to feed the Thai people.
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robins
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Discussion 11 : 04 Jan 2013 at 21.1711
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What rice buyer who valued his job would risk getting rice which has been sitting in a hot humid warehouse for months, or which was grown under a program that stresses quantity and not quality. Kind of obvious at this point, isn't it?
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dao
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Discussion 10 : 04 Jan 2013 at 20.3610
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What did PT think would happen .The world would adjust to being over charged ? It doesn't work like that in the real world .People just buy else where where their business is appreciated .
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englishbob
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Discussion 9 : 04 Jan 2013 at 17.279
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Disc 6 - Actually the harvest was fine... That's why there is a stockpile of 10 million tonnes in government warehouses...

BTW there's another crop coming, which PT are going to buy at an over-the-odds-price... And the warehouses are already full. I really expect to see stories of rice being dumped at sea or given away to save PT face.
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Thailand loses top rice exporter title | Bangkok Post: business