The huge rice deal was controversial because of its secretive nature. Now some of the secrets have been revealed.
Weeks ago a small and obscure rice dealer raised eyebrows when it purchased huge quantities of rice from Thai government stockpiles (Read article #1 and #2)
Now the small dealer has revealed that it is working for a Chinese state enterprise.
Why the deal was handled with such secrecy and lack of transparency has still not been answered and remains a nagging mystery.
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RICE TRADING, Bid winner defends stand by Walailak Keeratipipatpong
The chief of MT Center Trade Co insisted yesterday that his firm was an authorised representative of the Chinese state enterprise Guangdong Guanghong Import & Export Co in buying a huge amount of rice from the Thai government.
Chen Junchang, the MT managing director, said all of the 1.87 million tonnes of rice it won in a Commerce Ministry tender last month would be shipped to China and third countries as intended by the Chinese organisation.
I want to make it clear that the grain will actually be shipped out, not returned to the domestic market to gain profit as alleged by some local traders," said Mr Chen.
His comments were the first public statements to clarify the rice deal that has raised the eyebrows of many traders, who questioned its small export record of only a few thousand tonnes a year.
Guangdong Guanghong Import & Export Co, based in Guangzhou City, has also confirmed that it had authorised the Thai company to act on its behalf in a letter submitted to Prime Minister Abhisit Vejjajiva, Deputy Prime Minister Trairong Suwannakhiri, Commerce Minister Porntiva Nakasai and the Chinese ambassador to Thailand.
The Chinese enterprise also requested the Thai government extend the delivery period to 18 months from five.
The terms of the contract stipulate the company must ship as many as 13,300 tonnes a day, or about 400,000 tonnes per month.
The extension will enable the company to manage about 100,000 tonnes a month, which is a practical level," said Mr Chen.
The extension is not considered a favour to the company as normally the ministry allows rice bid winners to ship about 50,000 to 100,000 tonnes of rice within 90 days.
He hopes the Thai government will approve the bids and extend the consignment period, as the shipments would cut the burden of the government in carrying a huge stockpile and also help shore up the prices of rice...
obscure - not clear, difficult to understand and know the truth about คลุมเครือ, ที่ไม่กระจ่าง, ที่ไม่ชัดเจน
mysterious - full of secrets, not explained or understood ลี้ลับ, น่าพิศวง
stockpile - a large amount of things stored for future use คลังสินค้า
state - government รัฐ
enterprise - an organization, especially a business กิจการ, บริษัท,อุตสาหกิจ,วิสาหกิจ
state enterprise - a company owned by the government
controversial - some subject, topic or issue that people do not disagree about and argue about
reveal - tell or show people something they didn't know
transparency - doing things in an honest and open way that allows people to see exactly what you are doing
nagging - an unpleasant thing that continues for a long period of time and is difficult to get rid of (example: a nagging pain)
stand - to have a certain opinion or attitude about some issue
insisted - say firmly that something must happen or is true, and will not change mind
firm - a business or company บริษัม
authorised - activity given official permission to do or happen ได้สั่งการให้
representative - working for other people, chosen by a group to make decisions for them
tender - a formal offer to supply goods or do work at a certain price
intended - planned; wanted to happen ที่ได้วางแผนไว้ ที่ตั้งใจให้เกิดขึ้น
clear - easy to understand
grain - the seed from cereal crops such as rice, wheat, or corn เมล็ดพืช
domestic - ในประเทศ within the country
profit - money that you make from selling goods and services after all your costs have been paid กำไร
alleged - claimed to be true although not yet proven ที่ถูกกล่าวหา
local - in or related to the area that you live, or to the particular area that you are talking about ท้องถิ่น
traders - people who trade securities (stocks, bonds) and derivatives ผู้ค้าหุ้นและหลักทรัพย์
public statements - saying things for everyone in the country to hear (not just private)
clarify - to make something clearer and easier to understand ชี้แจงเหตุผล, ทำให้ชัดแจ้ง
record - the list of projects and tasks that a person or organization has successfully accomplished
confirmed - said that a claim is true, verified
act on its behalf - do something for them
submitted - formally given to someone so that they can make a decision about it ยื่น, ยื่นเอกสารเพื่อการพิจารณา
ambassador - an official who lives in a foreign country as the senior representative there of his or her country ทูต
extend - to add more time ยืดออกไป
terms - conditions; requirements ข้อกำหนด
contract - an formal (usually written) agreement to do something in the future
stipulate - to state clearly and exactly how something must be or must be done ระบุ, ระบุเงื่อนไข
extension - an increase in the power or effect of something (will last for a longer period of time) ขยายขอบเขตออกไป
enable - to make someone able to do something, or to make something possible ทำให้เป็นไปได้
practical - useful for real people in real situations (not just theory or ideas)
favour - something you do for someone in order to help them สิ่งที่ทำให้เป็นพิเศษด้วยความชื่นชม
ministry - a government department dealing with an area of activity กระทรวง
bid - an offer to buy something at a specific price ยื่นเสนอราคา
consignment - a quantity of goods sent or delivered to a place
burden - a serious or difficult responsibility that you have to deal with ภาระ (See glossary)
stockpile - store large amounts of something for future use จำนวนสินค้าที่เก็บตุนไว้เป็นจำนวนมาก
shore up - prevent from falling, keep up
(Source: RICE TRADING, Bid winner defends stand, 8/10/2010, Walailak Keeratipipatpong, link)
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