No truth in US Rice Fed fears, says Boonsong

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No truth in US Rice Fed fears, says Boonsong

Thai prices 'will boost, not lower competition'

Published: 20 Oct 2012 at 00.00
Newspaper section: News

Commerce Minister Boonsong Teriyapirom yesterday dismissed US farmers' concerns that the rice pledging scheme would drive up rice production and lead to dumping of the crop when the stock is released on the market.

Police officers count sacks of rice at a warehouse in Ayutthaya’s Wang Noi district. The counting was part of a preliminary inspection of rice stockpiles after 11,000 tonnes of the grain vanished recently from a warehouse in Nakhon Ratchasima province. APICHIT JINAKUL

Mr Boonsong said the US Rice Federation's fears were unfounded.

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howell
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Discussion 20 : 20 Oct 2012 at 20.4820
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'The commerce minister said rice would not be dumped because the government sold its stocks to local traders at high prices....'. Oh yeah ? Like the G to G deals ?

This scheme is unbelievably stupid. 'World rice supply soars, prices to fall? BKK Post 17/01/2012. 'Increased rice production by India & rice importing countries pose danger for Thai world rice market leadership'.

Megalomaniac Thaksin thought he could manipulate supply like manipulating people. Someone should have told him he could not, economics 101. IF a cartel was in place the scheme might have worked but no cartel in sight.
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meme
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Discussion 19 : 20 Oct 2012 at 17.1219
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White lies by the Puea Thaksin regime may work here in Thailand but the US will not buy them.
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ubuntu
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Discussion 18 : 20 Oct 2012 at 13.1918
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"no sign of irregularities" despite 11 tons "missing"

Given the above statements and facts, may I propose an equally as astounding explanation for 11 tons missing albeit without irregularities.

Captain Kirk and Officer Scottie aboard The USS Enterprise (Star Trek Spaceship) accidentally beamed up the rice.

Amazing, astonishing, astounding, miracle Thailand.
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Renaissance
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Discussion 17 : 20 Oct 2012 at 12.4017
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As usual, the 459 people who are being charged for cheating or corruption are the small fry - no doubt small farmers with no connections. It's like in the case of the people caught selling drugs. No influential person or politician ever seems to be arrested. I wonder if the Thais realize this.
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khunbj
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Discussion 16 : 20 Oct 2012 at 12.1116
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Well US is busy subsidizing it's own farmers and it's rice has been excluded from EU because it contains evidence of gene manipulation. Thailand should just ignore these grumpy remarks and concentrate on forming a rice cartel with Vietnam and India so that this part of the world can get a fair, and much higher price for it's commodities, in this case rice...the prices now are far too low compared to other basic foods, make a cartel, crank up the prices, way to go...exactly like OPEC did in the 70's .
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bluebottle
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Discussion 15 : 20 Oct 2012 at 11.4915
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I agree with bikeme to be a good liar you need a good memory.The whole story contradicts earlier statements.
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fundeena
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Discussion 14 : 20 Oct 2012 at 11.3914
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Don't worry , some guy just showed up pledging 11,000 tonnes of rice.
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thaimyth
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Discussion 13 : 20 Oct 2012 at 11.1913
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Maybe the US should stop subsidizing it's own agriculture and it's own industries first. Besides Thai rice do not bit US rice. US rice is Frankenstein rice from GMO's.
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soltair
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Discussion 12 : 20 Oct 2012 at 11.0912
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No truth in US Rice Fed fears, says Boonsong. OK, Khun Boonsong Krabphom, lets make a simple wager (betting is not allowed) not for money but for honour (look it up in the dictionary). White Lies excuses are no more allowed you will understand I trust. I wager the US Farmer Federation is right, and you say they are not. Time will tell. Lets keep track.
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Renaissance
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Discussion 11 : 20 Oct 2012 at 10.3611
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Thailand should not only be worrying about the high price of rice, which prevents or reduces exports. GMO rice seeds are spreading around Thailand and being distributed for free to farmers. At some stage the world community will reject Thai rice because there is too much GMO rice in what is sold. GMO seeds are used in Thai soya beans, maize, papaya, and pumpkin, and at least two western countries have found and rejected Thai exports of papaya. Perhaps the day will come when western markets reject Thai rice not just because it is so expensive, but also because it is GMO rice. I wonder what encouraged Thai politicians to introduce GMO seeds.
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