Thai rice exports fall to 3rd place

News > Local News

Thailand rice exports hit 12-year low

Published: 24 Jan 2013 at 00.29
Online news: Local News

Rice exports from Thailand plunged 37 per cent last year to the lowest in more than a decade, plunging the nation from best in the world to third place.

Thailand sold 6.73 million (metric) tonnes with a value of $4.63 billion, the Ministry of Commerce said Wednesday.

That compares with 10.7 million tonnes, worth $6.43 billion a year earlier, data showed.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Forum

Your comments

pete
Post : 435
Send message

Discussion 7 : 24 Jan 2013 at 06.437
Post this to my Facebook
Trade deficit announced yesterday 540 billion baht: Rice purchase loss forecast at 440 billion baht. Where are the economists?
Like dislike 77 people liked / 0 people disliked this comment
Renaissance
Post : 1,799
Send message

Discussion 6 : 24 Jan 2013 at 06.346
Post this to my Facebook
What can one expect from a government, which is run by a convicted fugitive, who uses wildly impractical populist policies to buy his way into power and to enrich himself, his friends, and the people who will ensure that he stays in power by making the farmers continue to chant, "We love Thaksin. He loves us!". The Thais should really look at themselves in the mirror and ask themselves whether voting for such a person is really such a good thing after all. Worse is to come this year according to the Thai Rice Exporters Association.
Like dislike 87 people liked / 1 people disliked this comment
upena
Post : 1,393
Send message

Discussion 5 : 24 Jan 2013 at 05.485
Post this to my Facebook
I am sure some MP will still claim that Thailand is #1
Like dislike 81 people liked / 0 people disliked this comment
spiceman
Post : 3,484
Send message

Discussion 4 : 24 Jan 2013 at 04.494
Post this to my Facebook
I think we should have a basic Economic Exam for the next PM of Thailand of "do" and "don't" in Economics. For the current PM, however, it is too late as the damage is already done!
Like dislike 99 people liked / 2 people disliked this comment
Chas66
Post : 27
Send message

Discussion 3 : 24 Jan 2013 at 03.173
Post this to my Facebook
Is this not the ultimate example of a government that hasn't got a clue about economics? Their wonderful buying scheme has resulted in millions of tons of rice they cannot sell, because the price is too high, while other countries are buying cheap rice from India and Vietnam.
I didn't realise the "special price for foreigners" extended to rice!
Like dislike 105 people liked / 1 people disliked this comment
JP

Discussion 2 : 24 Jan 2013 at 02.522
... but keeping those pesky elitist rice brokers out of the picture is a plus.
from iPhone application.
Like dislike 7 people liked / 33 people disliked this comment
Mickster
Post : 3
Send message

Discussion 1 : 24 Jan 2013 at 01.431
Post this to my Facebook
Congratulations, Prime Minister! You have caused untold damages to Thailand with another of your ill-conceived populist schemes.
Like dislike 111 people liked / 4 people disliked this comment

First Previous 1 2 3

Thai rice exports fall to 3rd place | Bangkok Post: news

Thailand rice exports hit 12-year low

Most Viewed

26,000 reds recall bloodshed

Forum

Your comments

Sign in once and access every part of the website at your convenience!