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Thai rice exports plunge, India to sell more grain

Feb 07, 2012

Thai rice exports slumped by more than half in January from a year earlier, which traders blamed on a government intervention scheme, while India continued to sell more grain after its government eased export curbs. Thailand, the world's biggest rice exporter, sold just 350,000 tonnes of rice in January, down 52 percent from a year earlier, when it exported 730,000 tonnes, Commerce Ministry data show. "The sharp fall in January is clear evidence that our prices are uncompetitive, and exports will continue to fall," one trader said. Thailand's benchmark 100 percent B grade white rice was steady at $550 per tonne on Wednesday, propped up by the government's buying as demand remained thin.
Source: www.brecorder.com

Thai Rice Exporters Association Forecasts 38% Plunge in Private Thai Rice Exports – What’s in Store for Indian Rice Exports?

Jan 17, 2012

The head of the Thai Rice Exporters Association says she expects private Thai rice exports to fall 38% from 2011 to about 6.5 to 8 million tons. That excludes government-to-government sales. “We could lose the top exporter position to Vietnam,” she said. The USDA on January 12 forecast Thai rice exports may decline 33% to 7 million tons this year, the lowest since 2000. The USDA expects Vietnam to export around 6.7 million tons of rice, below Vietnamese officials’ estimates closer to 7 million tons. Thai exporters blame the Thai rice mortgage scheme in which the government buys paddy rice at about twice the previous market price along with increased competition from Indian parboiled and white rice exports to markets including Africa.
Source: oryza.com

Asia rice prices dip as India, Vietnam race for markets

Dec 16, 2011

Intensifying competition between Vietnam and India for a bigger share of the rice market made available by the drop in costlier Thai exports have pushed prices down around Asia. This is good news for billions of consumers of the staple across Asia, the Middle East and Africa, as global food prices eased last month but held at high levels with further scope to rise on future supply concerns, the United Nations' food agency said.
Source: af.reuters.com

Thai Floods Damage Rice Fields, Small Impact on Global Market Predicted

Nov 15, 2011

Thailand is the world’s number one rice exporter and this year lost thousands of hectares of rice fields to historically high floodwaters that swept across the country. The damage has raised concerns about the affect on global rice prices and supply. But rice market analysts say a record harvest, global surplus, and a second crop should prevent any dramatic disruptions. Thailand exports up to ten million tons of rice per year, one-third of the total global market.
Source: www.voanews.com

Thai Rice Exports Seen Plunging 50% on Government Buying Program, Flooding

Nov 04, 2011

Rice shipments from Thailand, the largest exporter, will drop by half from November to January as a state-buying policy raises costs and flooding disrupts transport, according to the Thai Rice Exporters Association. Exports may slump to 500,000 metric tons per month from an average of 1 million tons in the first nine months as the state purchases lift local prices and make Thai rice less competitive, Honorary President Chookiat Ophaswongse said yesterday. Thailand implemented the rice-buying policy at guaranteed prices last month to lift rural incomes even as the worst floods since 1942 wreak damage on farms. Lower Thai exports may benefit Vietnam and India, the second- and third-largest shippers.
Source: www.bloomberg.com

Fears of Food Shortages Rise With Thai Floods

Oct 28, 2011

Southeast Asia’s battle with some of the worst floods in decades is far from over, with waters seeping deeper into the Thai capital of Bangkok. But the United Nations is already warning that parts of Southeast Asia affected by the floods are facing “serious food shortages,” a problem caused by destroyed crops and compounded by the difficulty in delivering food assistance.
Source: blogs.wsj.com

Demand for Indian rice up on higher Thailand price

Oct 24, 2011

As rice prices rise and supply tightens in Thailand, the world's largest exporter, buyers are increasingly turning to India to meet their needs though infrastructure bottlenecks may slowdown shipments, trading executives said. Thailand controls close to a third of global rice exports but India has started eating into that share after resuming shipments last month after the government relaxed a more than three-year-old ban on exports of ordinary rice. Even traditional buyers of Southeast Asian grades of rice are now eyeing the Indian grain. In a recent tender, Iraq purchased 30,000 metric tons Indian 5% broken white rice at $573/ton, basis cost, insurance and freight, one of the first such sale of ordinary rice to the Middle East country in several years.
Source: www.marketwatch.com

Canned food import rules to be relaxed: Thailand

Oct 18, 2011

The Cabinet at tomorrow meeting is expected to approve the imports of canned food and essential consumers goods, to ease the current shrotages driven by supply chain disruption. After a discussion with the Federation of Thai Industries (FTI), and representatives from food and consumer goods producers and modern-trade operators, Deputy Prime Minister and Commerce Minister Kittiratt Na-Ranong said that he would ask for temporary relaxation on such imports.The Food and Drug Administration can urgently relax some regulations, said Kittiratt. "Manufacturers insist that they would raise output to meet higher demand, while modern trade operators will double their purchases to fill up shelves," he said.
Source: www.nationmultimedia.com

Thai rice plan could hit global market

Oct 07, 2011

Thailand's new rice policy that aims to pay farmers hefty premium could cost it customers, while making Asia's staple food costlier, say experts. Speculation ahead of the government intervention scheme has already pushed the benchmark rice export price up 30 percent since the end of May to $650 a tonne. It could go far higher, adding to the worries of Asian policymakers already grappling with slower economic growth and rapid inflation. From Friday, Thailand's new government will fulfill a promise that helped Prime Minister Yingluck Shinawatra win the rural vote and pay millions of its farmers 15,000 baht ($480) a tonne for paddy rice, double the price before the July election.
Source: www.tradearabia.com

Thai fruits, vegetables imports may grow 15%

Sep 30, 2011

Fruits and vegetables imports from Thailand are expected to grow 15 per cent this year, as new products were being introduced to the UAE, Thailand’s ambassador to the UAE said. The imports of fruits and vegetables from Thailand is set to grow as aggressive promotional activities being planned by the Thai Embassy said Somchai Charanasomboon, ambassador. He said that last year Thailand’s export touched $2.8 billion. After inaugurating ‘Taste of Thailand’ promotion being held in various Lulu Hypermarkets in Abu Dhabi, the envoy said that the trade ties between Thailand and UAE has increased many fold in past years and will reach new heights in coming years. Currently fruits and vegetables constitute the major chunk of export to the UAE.
Source: www.khaleejtimes.com

Rice Prices To Be Steady On Tight Supply

Aug 18, 2011

Asia's rice prices will likely hold steady for the next few weeks due to tight supply and concerns over a Thailand government scheme that may boost prices. Thai and Vietnam 5% broken rice prices are hovering around $550 a metric ton, free on board. Many growers and millers are already holding back grain in anticipation of the government scheme, said Chookiat Ophaswongse, managing director of major Thai exporter Huay Chuan Rice Co. He said the government plans to implement the scheme in November, at the time of the next harvest. Under the program, the government will purchase rice from growers at THB15,000/ton, compared with THB10,000/ton now.
Source: online.wsj.com

Asian rice production pushes world output to record high

Aug 17, 2011

Asia's rice production is expected to reach 649.8 million tons this year, helping to push the world output to a new peak, the Food and Agriculture Organization (FAO) said Wednesday. Global rice output is forecast to hit 718.3 million tons, 'exceeding by 18 million tons the world record set in 2010,' the FAO said in its latest update on the food situation in Asia.
Source: www.monstersandcritics.com

Asia Inflation May Rise With Thai Rice Price

Aug 17, 2011

Yingluck Shinawatra became Thailand’s first female prime minister by pledging to lift rural incomes through higher rice prices. The rest of Asia may now have to pay for her campaign promise. Yingluck has said the government will buy unmilled grain from farmers at 15,000 baht ($502) a ton at harvest in November, above current market rates of 9,900 baht. With Thailand the world’s biggest exporter, that may raise rice prices across a region that accounts for 87 percent of global consumption. The leader presented her economic policies to Cabinet yesterday and is scheduled to announce them publicly by Aug. 24.
Source: www.bloomberg.com

World rice crop, trade expected to hit new records

Aug 04, 2011

The UN’s Food and Agriculture Organisation (FAO) reduced its April forecast of global paddy production in 2011 by 1.5 million tonnes to 718.3 million tonnes (478.9 million tonnes, milled). Still, world production will be 2.5 per cent over last year’s outcome, striking a new high. Thailand is expected to especially benefit from increased exports, with world market price recovery mainly reacting to the growing likelihood of a reintroduced rice pledging programme at higher prices in Thailand, which could cut the country’s availabilities for export.
Source: www.mcot.net

Thai Polls Outcome May Spike Rice Price

Jun 29, 2011

The price of rice in the region benchmarked against Thailand's may spike if the country's opposition party, Pheu Thai, which favours higher rate for the grains wins the Sunday poll. Yingluck Shinawatra, who is leading the favoured party and expected to be named as the first woman Prime Minister in Thailand, plans to restore a policy introduced by her elder brother, former Thailand Prime Minister, Thaksin Shinawatra, to buy unmilled rice at 15,000 baht (RM1,500) per metric tonne, twice higher than the current price.
Source: www.bernama.com

Global food prices to rise this decade

Jun 22, 2011

A major international report has predicted that average food commodity prices will be much higher this decade than the last. The Organisation for Economic Cooperation & Development (OECD) and the Food & Agriculture Organisation (FAO) have projected maize costs will be almost 20% higher this decade on average, and rice more than 15% higher. It also predicts that butter prices will soar worldwide and stay high, rising more than 45%, with poultry prices increasing 30% to 35%. Wheat prices are projected to remain stable, but generally, cereal prices could be 20% higher and meat 30% higher, the OECD-FAO Agricultural Outlook released today (17 June) said.
Source: hken.ibtimes.com

Thai scientists try to develop super-rice strains

May 18, 2011

For Thai rice researchers, there's nothing like a natural disaster to test a new variety. In October, when widespread flooding left 640,000 hectares of agricultural land under water for weeks in central Thailand, farmers who had planted Hom Cholasit rice emerged Noah-like from the disaster, their crops intact.
Source: www.chinapost.com.tw

Thailand’s exhibitions industry opens the door to ASEAN business opportunities with 5 key strategic sectors

May 05, 2011

The Thailand Convention & Exhibition Bureau (TCEB), in collaboration with the Singapore Business Federation (SBF), organised a business symposium entitled “Opportunities in 5 Key Business Sectors in Thailand”. The function aims to enhance awareness of business opportunities in Thailand and open the door to the ASEAN market through the country’s key industrial sectors.This symposium is part of TCEB?s support of Thailand?s exhibition industry under its “Better the Best” campaign, which is being implemented for the second consecutive year.Aiming to emphasise the readiness of Thailand for ASEAN integration in 2015, the efficiency and capacity of the nation will be shown through the exhibition of “champion shows”, which will in turn boost the economy of Thailand as a whole. The campaign also aims to further support the image of “Bangkok as the Exhibition City of ASEAN”.
Source: www.eco-business.com

‘Abundant’ Thai Rice Supply to Keep Cap on Global Prices, UN Agency Says

May 04, 2011

Increased rice supplies from Thailand, the biggest shipper, may help to boost global stockpiles and cap prices, the Food and Agriculture Organization said, mitigating record food costs that have pushed millions more into poverty. “There is enough production in the world to keep prices down,” Concepcion Calpe, a senior economist at the United Nations’ agency, said in an e-mail interview. Thai supplies may be “abundant” this year, with rising output helping to boost reserves, Calpe wrote, without giving precise forecasts.
Source: www.bloomberg.com

Thai fruit exporters thriving in Japan

Apr 18, 2011

Thai fruit exports to Japan are enjoying bright prospects amid rising demand and a better knowledge of consumption and cooking methods. Thailand this year will also begin exporting fresh pineapples under the duty-free quota of the Japan-Thailand Economic Partnership Agreement (JTEPA). Pimjai Matsumoto, the managing director of P&E Techno Co, a leading mango exporter to Japan, said her company had spent 60 million baht to install a vapour heat-treatment facility at Kasetsart University to control mango quality prior to export. The facility is operated around the clock to supply mangoes to department stores in Japan. P&E expects to export 800 to 1,000 tonnes of fresh mangoes to Japan this year, up from 500 tonnes last year, initially receiving a large order from the Aeon Department Store group.
Source: www.freshplaza.com

Thailand: Vegetable and fruit supply to Singapore affected

Apr 08, 2011

The floods in the south of Thailand have affected the supply of vegetables and fruit to Singapore, causing prices to rise about 20 per cent in wet markets and delaying delivery. Importers told The Straits Times that the prices of young corn and Chinese parsley from Thailand have risen and orders of fruit have not arrived on schedule. 'It's mango season and we were supposed to have a batch coming in from Thailand on Tuesday but it did not arrive,' said a spokesman for fruit importer and distributor Heng Teck Huat Fruits.
Source: www.freshplaza.com

India- Thailand to Cooperate in Infrastructure and Food Processing: Anand Sharma

Apr 06, 2011

Shri Anand Sharma, Union Minister for Commerce & Industry, in a business meeting with Mr. Abhisit Vejjajiva, Prime Minister of Thailand, here today, expressed optimism over the growing trade and investment between the two countries. Shri Sharma in his inaugural address stated that, “Economic engagement between the two countries paved the way for rapid economic liberalization and the implementation of the Early Harvest Scheme led to robust growth.
Source: pib.nic.in

Thailand detects low-level radiation in vegetables from Japan

Apr 01, 2011

Thailand's Food and Drug Administration (FDA) on Thursday said a low-level of radiation was found in one kilogramme of vegetables carried by a Thai traveller who returned from Japan. The agency warned Thai travellers not to take fruit or vegetables from Japan with them due to possible radiation risk contamination in fresh produce.
Source: www.mcot.net

Tainted milk more harmful than contaminated vegetables: AEC

Mar 23, 2011

Taiwan's Atomic Energy Council (AEC) said Monday that consuming milk tainted by radioactive substances would be more harmful to people's health than eating contaminated fruit or vegetables.The announcement came after Japan's government announced that radioactive substances released from its crippled Fukushima Daiichi nuclear power plant have found their way into Japan's food supply, with milk and spinach testing positive for substances such as iodine-131.
Source: focustaiwan.tw

European Union imports a large number of chickens from Thailand

Mar 08, 2011

The "World News" in Thailand reported On March 7that European Union increases the order quantity of the agricultural products in Thailand, including frozen chicken. It has been revealed that price index rises continually in the world. It caused by the continual rising price of agricultural products in the world.
Source: www.21food.com

Thailand’s ban on fruit exports, department error cost SA millions

Mar 04, 2011

An administrative error, missed deadlines, and snail-paced progress by Thailand’s government in reversing a ban it imposed on South Africa’s fresh produce three years ago has resulted in local exporters losing millions of rand.
Source: www.iol.co.za

Philippine's PHL gives Thailand bulk of rice import volume

Feb 08, 2011

The Philippine government has allotted Thailand with a rice import volume of 98,000 metric tons (MT), the bulk of what the private sector may buy from abroad this year under the country specific quota.
Source: www.gmanews.tv

Thailand halts exports over pesticide fears

Jan 28, 2011

The Thai government has reportedly called a temporary halt to all vegetable shipments to Europe over pesticide fears Fears of a possible EU ban on Thai vegetables has prompted the Thai government to order a temporary suspension of shipments, reports the Bangkok Post. The move comes after a Thai environmental organisation discovered traces of banned pesticides in vegetables grown by local farmers.
Source: www.fruitnet.com

Aggressive marketing raises alcohol consumption in Thailand

Jan 27, 2011

Alcohol consumption is rising sharply in Thailand due to aggressive advertising and the production of sweet fruit drinks promoted for sale to young people, a media report said Thursday. Dr Saman Futrakul, director of the Disease Control Department's Alcohol Beverage Control Office, was quoted by the Bangkok Post as saying the liquor companies' marketing campaigns resulted in more youths and children consuming alcohol each year.
Source: www.monstersandcritics.com

Japan Buys Rice From U.S., Thailand, China at Tender Under Access Accord

Jan 13, 2011

Japan bought 3,950 metric tons of foreign rice today through a tender system introduced to loosen government grain-import controls, the Ministry of Agriculture, Forestry and Fisheries said. Of the total, 2,610 tons were from the U.S., 1,000 tons were from Thailand, and the remainder from China, the ministry said in a statement today.
Source: www.bloomberg.com

Thailand to suspend exports of 16 vegetables to EU

Jan 12, 2011

Thailand will suspend exports of 16 vegetables to the European Union next month, including basil, eggplant and chilies, after EU food safety inspectors found the products contaminated with insects, officials said Tuesday.
Source: www.bloomberg.com

Rice exports rise: Thailand

Jan 04, 2011

Thailand’s exports rose at the fastest pace in five months in November from a year earlier, government data showed in late December, easing concerns about the outlook for its economy. Helped by strong demand for rice, Thai shipments jumped 28.5 percent from the same period of 2009, to US$17.69 billion, the commerce ministry said. It was the 13th consecutive monthly rise and the sharpest increase since a leap of 46.3pc in June – the biggest on record. Imports grew at an even faster pace last month, soaring 35.3pc to $17.29 billion on increased demand for fuel, the data showed.
Source: www.mmtimes.com

Thailand's poultry exports remain promising

Nov 30, 2010

Thailand's chicken exports should remain promising next year, despite the faltering global economic outlook. Exports are forecast to be worth between $1.65 billion and $1.73 billion in 2011 compared with $1.57 billion this year, a 10% rise from a year earlier, said Anan Sirimongkolkasem, president of the Thai Broiler Processing Exporters Association. Thailand is expected to ship 410,000 to 420,000 tonnes of poultry this year, 360,000 tonnes of which would be cooked products and the remainder frozen raw chicken. Anan said raw chicken exports were better than expected this year, with further growth seen next year because of a larger global population demanding more food. In 2003, before the bird flu outbreak, Thailand exported 98,231 tonnes of raw chicken meat to the EU. Thailand currently ships only cooked chicken products to the EU, which has an import quota. The quota is 252,643 tonnes: 160,033 tonnes of processed chicken and 92,610 tonnes of salted poultry. EU inspectors are scheduled to visit Thailand in March to review preventive animal health measures and animal welfare standards as well as re-evaluate possible reinstatement of raw chicken meat imports.
Source: www.worldpoultry.net

Thailand's poultry exports flying high

Nov 29, 2010

Thailand's chicken exports should remain promising next year, despite an appreciating baht and the faltering global economic outlook. Exports are forecast to be worth between $1.65 billion and $1.73 billion in 2011 compared with $1.57 billion this year, a 10% rise from a year earlier, said Anan Sirimongkolkasem, president of the Thai Broiler Processing Exporters Association. Thailand is expected to ship 410,000 to 420,000 tonnes of poultry this year, 360,000 tonnes of which would be cooked products and the remainder frozen raw chicken.
Source: www.bangkokpost.com

Thailand wants cooperation on rice with Vietnam

Aug 06, 2010

Thailand, the world's top rice exporter, wants to revive cooperation in the rice sector with Vietnam, currently the second-biggest exporter, in a bid to stabilise prices, the Thai commerce minister said on Thursday.
Source: http://news.alibaba.com

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