Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Commodities  >>   Indonesia may reject Thai rice scam
NEWS UPDATES Asean Affairs                    29  September 2011

Indonesia may reject Thai rice scam

Related Stories

September 26, 2011
New Thai rice program causing global instability

September 13, 2011
Thai rice plan to distort market

July 28, 2011
New price scheme threatens Thai rice exports

July 21, 2011
Rice hoarding starts in Thailand

May 7,2011
Thai rice to slow down for election

March 12,2011

Thai rice farmers want guarantees

July 6,2010
Banpu eyes takeover of Australia's Centennial


Indonesia will seek to buy rice from other countries if Thailand does not honor an earlier agreement to sell the grain, Trade Minister Mari Pangestu said yesterday.

The Indonesian ambassador to Thailand and an official from state grain procurement agency Bulog were to discuss the reported cancellation of a proposed government sale of rice to Indonesia, said Ms. Pangestu.

Tikamporn Nardworatat, who oversees government-to-government contracts at the Department of Foreign Trade, said there was a non-binding memorandum of understanding (MoU) to export 300,000 tonnes of rice to Indonesia, but no firm deal.

"An MoU is not legally binding. There is no cancellation on any deal," he said. Commerce Minister Kittiratt Na-Ranong said the agreement had been signed by the Public Warehouse Organisation (PWO) during the caretaker term of the Abhisit Vejjajiva government. It was not endorsed by the cabinet and neither he nor his predecessor Porntiva Nakasai signed the deal.

The PWO chief who had signed the MoU resigned earlier this month to pave the way for a reshuffle of political officials by the new government.

Under the deal, the PWO agreed to sell 15 percent-grade white rice to Bulog at US$560 a tonne. The market price today is $590-600 a tonne.

Ms. Pangestu said Indonesia still had several alternative rice sources instead of Thailand, such as Vietnam, Pakistan and India.

"We will discuss rice issues with the Indian minister who will visit Indonesia on October 4," she said.

Deddy Saleh, director-general of Foreign Trade at the Indonesian Trade Ministry, said the Jakarta government expected the Thai side not to cancel any contract that had previously been agreed by the two parties, even though the deal was signed under the former Thai government.

"A government succession does not mean that the new government can cancel any agreement just like that," he said.

"If the reason is like that, how about the other previous agreements which have been signed a long time ago? Can they be cancelled directly after the new government comes to power?" Mr. Deddy also said he had not received official information on the matter from the Thai government, adding that this involved trust between two parties and there could be wide-ranging consequences if it was true.

"First, it has to be confirmed and clarified to Thai government before we take any necessary actions," he said.

The confusion will add to the controversy surrounding the Pheu Thai government's rice intervention policy, which has sent prices surging.



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

Comment on this Article. Send them to

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
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    29  September  2011 Subsribe Now !
• Indonesia fundamentals remain strong Subcribe: Asean Affairs Global Magazine
• Indonesian oil production takes a hit Asean Affairs Premium
• Indonesia limits maids to four countries
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Japanese companies expand in Philippines
• Shell contains Singapore fire
• Critical flood situation in Thailand
• Indonesia may reject Thai rice scam
• Vietnam seeks Dutch climate change help pp

Asean Analysis              29  September  2011

Advertise Your Brand
• Rice breeding profits Asean farmers Sponsor Our Events

Asean Stock Watch   29  September  2011

• Asean Stock Watch-September 29 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


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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand