Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Commodities  >>   Rush to support rice questioned
NEWS UPDATES Asean Affairs             3  September 2011

Rush to support rice questioned

Related Stories

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

December 15, 2009
Thai leather industry anticipates rebound in 2010

November 7, 2009
Philippines to import rice from Vietnam and Thailand

July 23, 2009
India’s Tata to open new $112mn furnace in Thailand

The pell-mell rush of the new Thai government to revive rice pledging this year will likely benefit certain groups of traders and millers, as the amount of second-crop grain in the hands of farmers is low, say experts.

The program will start October 7 and is aimed at mortgaging all of this year's second crop. However, the Office of Agricultural Economics said output from the second crop has been low, so it is not necessary for the government to speed up the mortgage plan.

Some 84,000 tonnes of paddy will enter the market this month or only 0.84% of the 10 million expected. Production will be an even smaller 20,000 tonnes next month.

The tiny paddy volume has raised questions about the haste to launch the programme only a month ahead of the main-crop harvesting season that starts in November.

A trade source said most of grain from the output to date had been sold and was not in the hands of the farmers, accounting for this week's strong market in which paddy moved at 9,800 to 10,000 baht a tonne.

"The government must have a mechanism to ensure that the paddy pledged next month does not come from traders or millers trying to gain a big margin," said the source.

On Thursday, Deputy Prime Minister Kittiratt Na-Ranong announced the government would begin the pledging scheme on October 7, paying 15,000 baht a tonne for white rice and 20,000 baht for Hom Mali fragrant paddy.

Pramote Vanichanont, honorary president of the Thai Rice Millers Association, said the rice harvest in October is normally light, with only early-rice varieties such as Hom Mali produced.

"Thailand harvests 20 percent of its output in November, 50 percent in December and the rest over the next two months," he said.

The programme will be run in the absence of the proposed farmers' credit-card scheme, a tool that the Pheu Thai Party vowed to use to guard against malfeasance.

Mr. Pramote said that means there will be no way of preventing the corruption through pledging that damaged the industry so badly in the past.

"How do we stop paddy from Burma and Cambodia, which is low at 6,000 baht and 7,000 baht a tonne, respectively, from coming in and enjoying such a big difference?" he asked.


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    3  September  2011 Subsribe Now !
• Laos’ labor force is 3.7 million Subcribe: Asean Affairs Global Magazine
• Malaysia is ivory transit point  Asean Affairs Premium
• Broadband revival draws support
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Life insurers see growth in Asean
• Rush to support rice questioned
• Thailand could export medical equipment
• Inflation is still top Vietnamese priority
• Da Nang is Vietnam’s IT center pp

Asean Analysis       September  2011

Advertise Your Brand
• WEEKLY SUMMARY Sponsor Our Events

Asean Stock Watch   September  2011

• Asean Stock Watch-September 2 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

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

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand