Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Thailand News  >>   Agriculture  >>   Dwindling rice surplus may prompt price surge
NEWS UPDATES Asean Affairs           18   July  2011

Dwindling rice surplus may prompt price surge

Related Stories

June 21, 2011
Thailand plans to boost rice production

April 14, 2011
Japanese rice in Thailand

March 30, 2011
Thai government advised to drop food price caps

March 9, 2011
Thai hybrid rice imports needed

 
A large rice surplus is forecast to shrink by the end of the decade if more farmland in top exporting nations is put to industrial use and weather conditions worsen, keeping prices high as a growing world population boosts demand.

Ample supply may insulate Asia's main staple for at least two more years from price surges that have hit other grains, but costlier rice would feed food inflation worries, stirring fears of a repeat of the 2007/08 global food crisis that led to riots in some developing nations.

An estimated excess of 2 million tons of rice over the next three years is seen diving 90 per cent to 200,000 tonnes by the end of the decade, under normal weather patterns, the Food and Agriculture Organisation (FAO) says.

The UN food agency and the Organisation for Economic Cooperation and Development (OECD) see prices staying at the high levels persisting since 2007/08. Thai benchmark rice prices have jumped at least 40 per cent in the last five years.

"We foresee world rice prices remaining above the levels prevailing prior to 2006," said Concepcion Calpe, a senior FAO economist, adding higher production costs due to competition for land, water, energy, fertilizer and labor backed that forecast.

That could worsen in the next decade if top exporters Thailand and Vietnam switch more land to other uses, water and labor shortages intensify and moves to improve yields prove ineffective.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email





 
Today's  Stories    18  July  2011 Subsribe Now !
• Governor promises places for low-income students 
Subcribe: Asean Affairs Global Magazine
• Yudhoyono wants energy conservation Asean Affairs Premium
 • Malaysian consumer manufacturing expands
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

 
 • Philippines orders Internet providers to publicize speed, reliability rates
 • Philippines drops partnership fund
 • Poll: No Thaksin meddling in Cabinet selection
 • Dwindling rice surplus may prompt price surge
• Anti-China sea protest in Vietnam p

Asean Analysis    18  July  2011

Advertise Your Brand
• Corruption is still a key regional issue Sponsor Our Events

Asean Stock Watch    18  July  2011 

 
• Asean Stock Watch-June 18 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Time Media
Version 5.0
Copyright © 2007-2014 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com