SG Group Thailand Co Ltd
News : 15 August 2014 :
Thailand's military government approved the sale of 73,000 tonnes of rice from government stocks in its first successful sale since the army seized power in May, less than the 167,000 tonnes it aimed to sell in a tender last week.
The sale of rice, worth more than 737 million baht (13.83 million pounds), from state warehouses to rice exporters, millers and domestic retailers follows a failure to shift any grain last week, in the military's first tender since it took control.
Duangporn Rodphaya, director-general of the Foreign Trade Department at the Commerce Ministry, which oversees rice stock sales, said 12 private companies were successful out of 36 bidders.
The sale was approved on Thursday, the commerce ministry said in a statement. It did not reveal the sale price and said that doing so could affect the next rice stock auction.
"The tender price this time was close to the market price," a government official at the commerce ministry said.
The price of common grade Thai 5-percent broken rice was steady at $440 per tonne on Friday, slightly below the same grade from Vietnam at $450-$455 a tonne.
In its first tender last week, offers were below the government's expectations, and the sale was halted by the state, which did not disclose a minimum floor price.
Thailand is estimated to hold up to 18 million tonnes of rice in state stockpiles, almost twice what it used to export each year.
The Southeast Asian nation has mammoth stockpiles of rice after the previous government bought rice from farmers at prices well above market levels for the staple grain.
The army, which seized power in a bloodless coup in May, made the repayment of farmers who were owed money under the controversial scheme one of its priorities.
It also halted rice sales while it inspected warehouses to check how much grain was being held and in what conditions.
Duangporn said the next round of bidding would take place soon and that floor price assessments would be amended in order to speed up sales.
"We will amend the way we assess minimum floor prices to speed up the decision-making process and will take into consideration the domestic and international rice trade situation," Duangporn said.
Thai rice prices fell around 20 percent in the first half of the year to a low of $370 a tonne as the previous government was forced to offload some stocks to pay millions of farmers who had been owed money for months under the scheme.
Prices rebounded in June after the military government halted sales and called for a nationwide stock inspection.
(Reporting By Kaweewit Kaewjinda and Panarat Thepgumpanat; Writing by Amy Sawitta Lefevre; Editing by Jane Baird)
First bid - Rice bids below ministry's floor prices. [Aug 8, 2014]
Scores of traders queued at the Commerce Ministry yesterday to join the first rice auction of the year, but bid below the ministry's "floor prices" despite high demand during the off season and amid transparency in the bidding process. ... [More]
Source: The Nation
Rice sales - China deal back on track, Trade officials bullish about buyer response. [Aug 5, 2014] The military regime is poised to call its first general auction for state rice stocks this week and vows to deliver 1 million tonnes of rice to China by next July to fulfil a previous deal. ... [More]
NCPO to auction 160,000 tonnes of rice. [Aug 4, 2014] The National Council to maintain Peace and Order’s economic chief, has announced that the NCPO will auction off 160,000 tonnes of rice by next week, while the new rice deal with China will allow a two phase delivery of rice to China by this September. ... [More]
Source: National News Bureau & Public Relations
Rice exports in July could hit 900,000 tonnes. [Aug 2, 2014] After surging 59.2 per cent in the first half of this year, Thailand's rice exports may have touched 900,000 tonnes in July, given its lower prices than rivals' and tightening rice supply in Vietnam, said the Thai Rice Exporters Association. ... [More]
Source: The Nation
Thai sales to cool rice market. [Jul 31, 2014] The rally in rice prices is set to cool as India and Thailand increase sales from stockpiles, boosting global supplies, according to the Deputy Trade Minister of Vietnam, the world's third-largest exporter. ... [More]
Source: Bangkok Post
Rice biding - Ministry mulls rice sales to China, Malaysia. [Jul 31, 2014] Demaged rice from the stockpiles that will be the raw material to produce ethanol by PTT, who interests to buy. ... [More]
Source: The Nation
Ministry seeks to resume small-lot rice sales in August. [Jul 24, 2014] THE COMMERCE MINISTRY is preparing to resume selling rice from its stockpiles in early August, gradually releasing it in small lots of about 500,000 tonnes a month. ... [More]
Source: The Nation
Rice strategies for five years drawn up. [Jul 23, 2014] The Commerce Ministry and relevant state agencies, as well as stakeholders in the rice industry, yesterday finished chalking out five development strategies, and six marketing strategies for implementation from 2015-2020. ... [More]
Source: The Nation
Price for rice shoots up as drought hits other states. [Jul 21, 2014] THE PRICE of Thai rice is expected to climb steadily in the next few months, mainly due to the appreciation of the baht, the government's suspension of its rice releases during its inventory audit and concern over drought in many countries. ... [More]
Source: The Nation
Stockpiled rice mostly of good quality, ministry insists. [Jul 9, 2014] Most of the rice in the government's stocks is in good condition, the Commerce Ministry claims. The statement followed daily reports from inspection teams about low-quality rice in the government's warehouses after the inspections started last Thursday. ... [More]
Source: The Nation
TREA calls for steady rice sales.[Jul 5, 2014] The junta is being urged not to be too hasty in selling off state rice stocks, while a mechanism to guarantee the quality of the grains put up for auction should be offered to raise the confidence of potential buyers. ... [More]
Source: Bangkok Post
Thai rice exports in 2014 projected at 9 million tonnes. [Jun 30, 2014] The Thai Rice Exporters Association has estimated that Thailand will be able to export nine million tonnes of rice this year, the highest level in three years, which should generate revenue of US$4.75 billion. ... [More]
Source: The Nation
Thai rice abroad: Inspection trips to Taiwan, China. [Jun 20, 2014] Test of quality after reports of mix with inferior grains, In response to concerns over rice quality, the Foreign Trade Department is sending inspection missions to mainland China and Taiwan. ... [More]
Source : The Nation
Rice stockpile to be audited. [Jun 16, 2014] More than 100 teams will inspect rice stocks to ascertain the quality and quantity of the remaining grain pledged to the previous government at 1,800 warehouses nationwide, PM's office permanent secretary ML Panadda Diskul said on Friday. ... [More]
Source: Bangkok Post
Millers, exporters at odds over rice stocks; Strategy did not raise prices for government. [Jun 11, 2014] Thai millers proposed yesterday the junta raise rice stocks held by exporters and millers to stop plummeting paddy prices, but exporters said the move would increase their financial costs and reduce competitiveness. ... [More]
Source: Bangkok Post
Thailand again biggest rice exporter; Thailand regains the lead. [Jun 5, 2014] Thailand has regained its position as the top rice exporter with shipments totalling nearly 4 million tonnes in the first five months of this year. ... [More]
Source: Bangkok Post
Exporters call for creation of Rice Board. [Jun 5, 2014] THE THAI RICE Exporters Association (TREA) yesterday proposed to the National Council for Peace and Order the setting up of an independent "Rice Board", comprising representatives from all involved to set up rice management policies and development plans for promoting sustainable growth of the industry. ... [More]
Source : The Nation
Thai move to reclaim rice crown in Hong Kong. [May 26, 2014] THAILAND is moving aggressively to reclaim its dominant share of the Hong Kong fragrant-rice market, after buyers there agreed to boost their orders. ... [More]
Source: The Nation
Pledging policy blamed for drastic fall in price of rice. [May 26, 2014] THE PRICE of Thai rice has plunged to the lowest level in six years, even lower than Vietnam's despite higher cost of production, due to the deposed government's pledging policy. ... [More]
Source: The Nation
17 Bidders compete for govt stockpiled rice. [May 15, 2014] Seventeen bidders participated in the Department of Foreign Trade (DFT) rice auction yesterday, competing to buy 450,000 tons of stockpiled rice, according to a Commerce Ministry report. ... [More]
Source: the Thai Financial Post
Thailand hopes for comeback in Hong Kong jasmine rice market. [May 14, 2014] Thailand is striving to reclaim its position as the largest supplier of jasmine rice to Hong Kong after losing almost half of its footprint in that market to Vietnam for several years. ... [More]
Source: The Nation
Greater interest in Thai rice stocks. [May 12, 2014] More than 10 countries have shown strong interest in purchasing rice from the Thai government's stocks, following high demand because of a global drought. ... [More]
Source: The Nation
NACC’s ruling on rice case will not affect G2G deals: DFT. [May 9, 2014] The Department of Foreign Trade is confident that the national anti-graft body’s ruling on rice case will not have an impact on government-to-government (G2G) agreements. ... [More]
Source: National News Bureau & Public Relations
Thailand can reclaim title as world' second biggest rice exporter. [May 9, 2014] The Food and Agriculture Organization (FAO) said Thailand’s rice exports are set to recover following the end of the controversial rice-pledging scheme. ... [More]
Source: National News Bureau & Public Relations
High hopes for rice contract with Iraq. [Apr 26, 2014] Exporters upbeat following lifting of ban on Thai imports. Rice exporters are strongly expected to win bidding contracts to sell to Iraq for the first time this month since the lifting of a ban imposed last August by Baghdad out of concern over the quality of Thai rice. ... [More]
Source: The Nation
1 million tons of rice will be distributed through AFET by June. [Apr 24, 2014] The Ministry of Commerce has set a goal to distribute one million tons of rice via the Agricultural Futures Exchange of Thailand (AFET) by June this year. ... [More]
Source: National News Bureau & Public Relations
3m tonne Manila rice sale proceeds, Agreement seeks to sell 3 million tonnes. [Apr 23, 2014] In its best bid to step up shedding its rice stocks, the caretaker government is seeking a three-year plan to sell grain to the Philippines. ... [More]
Source: Bangkok Post
Exporters upbeat about parboiled rice. [Apr 21, 2014] Thailand will focus more on parboiled rice after failing to win a tender to supply 800,000 tonnes of white rice to the Philippines. ... [More]
Source: Bangkok Post
Thailand upgrades quality of Hom Mali rice. [Apr 19, 2014] The Commerce Ministry has announced a new classification of Thai fragrant rice to tap high-end market abroad. ... [More]
Source: MCOT online news
Thailand to benefit from growing world rice demand, market monitors say. [Apr 14, 2014] Despite climatic shifts and natural disasters plaguing some rice producing countries, the 2013 season has produced more rice than expected, adding to the ninth straight year of rice surplus or 'carry over,' the UN's Food and Agriculture Organisation (FAO) reported recently. ... [More]
Source: The Nation
Thailand to export 8.7m tonnes of rice. [Apr 11, 2014] Thailand will export about 8.7 million tons of rice this year, ranking it the second largest exporter after India, the UN Food and Agriculture Organisation (FAO) said Thursday. ... [More]
Source: Bangkok Post
China may buy rice from Thailand : Commerce [Apr 11, 2014] China will possibly sign deals to buy one million tonnes of rice from Thailand after its specialists inspected a rice warehouse in Suphan Buri, a senior Thai Commerce Ministry said Thursday. ... [More]
Source: The Nation
High demand seen as 18 rice traders take part in govt auction. [Apr 11, 2014] Eighteen rice traders joined the Thai government's auction for 420,000 tonnes of rice late yesterday, reflecting high market demand. ... [More]
Source: The Nation
First regional rice bid 'a success'. [Apr 10, 2014] The first regional rice auction held in Suphan Buri on Wednesday was a success, with eight groups submitting bids. ... [More]
Source: Bangkok Post
Iraq to end Thai rice ban. [Apr 10, 2014] Iraq is set to resume buying Thai rice after halting purchases for almost a year on concerns about quality. ... [More]
Source: Bangkok Post
US among countries eyeing 1.6m tonnes of G2G rice deals. [Apr 10, 2014] THE UNITED STATES and other countries are interested in purchasing rice from Thailand under government-to-government contracts, for a combined volume of more than 1.6 million tonnes, says the Foreign Trade Department. ... [More]
Source: The Nation
China may buy more rice from Thailand. [Apr 10, 2014] China will possibly sign deals to buy one million tonnes of rice from Thailand after its specialists inspected a rice warehouse in Suphan Buri, according to the Thai Commerce Ministry. ... [More]
Source: MCOT online news
Rice exports up 40% year-on-year. [Apr 8, 2014] Thai rice exports rose to 1.4 million tonnes in the first two months of 2014, up 40% from the same period in 2013, Oryza.com reported on Tuesday. ... [More]
Source: Bangkok Post
Price war seen as Thai rice glut swamps market. [Apr 4, 2014] Asian rice prices will keep slumping from a near six-year low as Thailand clears out record stockpiles, threatening a price war with Vietnam and India. ... [More]
Source: Bangkok Post
Stepped-up release pressures home rice traders. [Apr 3, 2014] THE CARETAKER government's accelerated release of rice from its stockpiles has created difficulties for domestic traders, which now have to be much more active in promoting sales amidst a combination of lower market prices and weak consumer confidence in regard to rice quality. ... [More]
Source: The Nation
Commerce hopes to secure a deal to sell rice to Philippines. [Mar 31, 2014] The Commerce Ministry is working to achieve a sale of 800,000 tons of rice to the Philippines on April 15th, saying the other main contender is Vietnam. ... [More]
Source: National News Bureau & Public Relations
Futures rice sales target 1m tonnes. [Mar 31, 2014] The Commerce Ministry aims to sell 1 million tonnes of rice from state stockpiles through the futures market by June. ... [More]
Source: Bangkok Post
Commerce officials urge Iraqis to lift ban on Thai rice. [Mar 30, 2014] The Foreign Trade Department hopes Iraq will cancel its ban on Thai rice imports after a team met with the Iraqi Grain Board to offer assurances of the commodity's quality. ... [More]
Source: The Nation
Shipments enjoy rebound in February. [Mar 27, 2014] Exports rebounded in February, driven by the weak baht and the global economic recovery. Shipments rose by 2.43% year-on-year last month to US$18.4 billion after falling by 1.98% in January to $17.9 billion. The first two months of the year together showed an increase of 0.2% year-on-year to $36.3 billion. ... [More]
Source: Bangkok Post
Annual rice production expected to reach 26 million tons. [Mar 26, 2014] Deputy Prime Minister and Minister of Agriculture and Cooperatives Yukol Limlaemthong has expressed belief that the 2014 rice yields will total 26 million tons and hopes that the rice market will return to its normal state. ... [More]
Source: National News Bureau & Public Relations
Commerce Ministry to rekindle rice deal with Iraq. [Mar 25, 2014] The Department of Foreign Trade has announced that a team of trade representatives is visiting Iraq, in the department’s bid to revive a stalled rice deal with the Middle East nation. ... [More]
Source: National News Bureau & Public Relations
AEC lures Thai rice millers to invest in Cambodia. [Mar 25, 2014] Thai rice millers are lining up to build mills in Cambodia to cash in on imminent regional economic integration, with experts warning Cambodian rice is likely to flood Thailand. ... [More]
Source: Bangkok Post
Thai rice price expected to drop further after rice pledging scheme. [Mar 23, 2014] The Office of Agricultural Economics (OAE) has warned that price of Thai rice from April to May this year might plummet after the rice pledging scheme ended and rice from Vietnam entered the market. ... [More]
Source: National News Bureau & Public Relations
Thailand back to world’s No 1 rice exporter. [Mar 23, 2014] Thailand has reclaimed its title as the world’s top rice exporter after having shipped out 1.5 million tonnes of grain in the last two months, according to an international trade company. ... [More]
Source: MCOT online news
Rice prices set to fall further, Lukewarm response to government's auctions. [Mar 20, 2014] Rice prices are expected to keep falling further due to frequent rice sales held by the government and its hasty attempts to dispose of huge stocks of the grain. ... [More]
Source: Bangkok Post
Thailand to participate in an auction to sell rice to Philippines. [Mar 18, 2014] The Department of Foreign Trade reveals that it is preparing to participate in an auction hosted by the Philippines to sell 700,000-800,000 tons of rice after both countries have signed an extension of the Memorandum of Understanding (MoU) on rice cooperation. ... [More]
Source: National News Bureau & Public Relations
Commerce Ministry reviews strategy on sales of stockpiled rice. [Mar 18, 2014] Deputy Prime Minister and Commerce Minister Niwatthamrong Boonsongpaisan is today calling a meeting of related officials to discuss the rice situation and review the Ministry’s strategy to sell the stockpiled rice. ... [More]
Source: National News Bureau & Public Relations
Rice to be auctioned through AFET increasing to 300,000 tons. [Mar 15, 2014] The Department of Internal Trade (DIT) revealed the amount of rice to be auctioned through the Agricultural Future Exchange of Thailand (AFET) has increased to 300,000 tons. ... [More]
Source: National News Bureau & Public Relations
34 parties bidding in latest rice auction. [Mar 10, 2014] A sharp fall in rice prices and flexible conditions have drawn an overwhelming response from interested buyers to the caretaker government's latest rice auction, with 34 bidders taking part. ... [More]
Source: Bangkok Post
Two-pronged plan to clear rice stockpile. [Mar 8, 2014] In a move aimed at speeding up sales of state rice stocks, the caretaker government wants to call general auctions upcountry while letting relevant state-owned units sell their stocks directly to interested buyers. ... [More]
Source: Bangkok Post
Global market awaits cheap Thai rice. [Mar 7, 2014] Rice traders on the world market have temporarily paused dealing to wait for the Thai government to sell its stockpile cheap to repay a 20 billion baht loan to finance the rice-pledging scheme, according to an exporter of the grain. ... [More]
Source: Bangkok Post
Govt eyes AFET as channel of rice distribution. [Mar 7, 2014] The Agricultural Futures Trading Commission (AFTC) will promote sales of rice in an agricultural futures market as a way to help distribute rice and pay farmers in the government’s rice pledging program. ... [More]
Source: National News Bureau & Public Relations
China's COFCO to buy 1 mln tonnes of rice from Thailand. [Mar 6, 2014] China National Cereals, Oils and Foodstuffs Corporation (COFCO) today agreed to buy one million tonnes of rice from Thailand, according to Thailand's Foreign Trade Department. ... [More]
Source: MCOT online news
Commerce Ministry: Thailand never dumps rice in Indonesia. [Mar 2, 2014] The Ministry of Commerce has denied the rumor of rice dumping in Indonesia which allegedly affected rice prices in the global market and upset many rice producers. ... [More]
Source: National News Bureau & Public Relations
Thailand to sell 400,000 tonnes of rice to China this month. [Mar 2, 2014] China has initially agreed to buy 400,000 tonnes of rice from Thailand, pending an official contract this month, said caretaker Commerce Minister Niwatthamrong Boonsongpaisan. ... [More]
Source: MCOT online news
Stock release may hit prices. [Feb 26, 2014] The caretaker government's plans to step up disposal of its massive rice stockpiles to raise funds to pay farmers are expected to put mounting pressure on global and Thai rice prices. ... [More]
Source: Bangkok Post
Thai rice not being dumped. [Feb 22, 2014] Denies Indonesian claim of cheap sales or breaching world trade rules. The Foreign Trade Department yesterday dismissed reports that Thailand dumped cheap rice on the world market - a move that could be a breach of World Trade Organisation rules. ... [More]
Source: The Nation
Thailand denies dumping rice in Indonesian market. [Feb 22, 2014] The Thai Commerce Ministry has categorically denied a report that Thailand has dumped rice on the Indonesian market at cut-rate prices. ... [More]
Source: MCOT online news
Exporters sound alarm on rotting rice stocks; Iraq says no to imports for now, per one report. [Feb 21, 2014] With the government controlling a massive rice stockpile, exporters are warning that long-stored grains will eventually erode buyer confidence in Thai rice quality and damage the country's storied rice export industry. ... [More]
Source: Bangkok Post
Afet bids for govt rice come in low amid high supply. [Feb 14, 2014] Impact on market prices seen; ministry plans more auctions via futures market. A total of 17 traders joined the Commerce Ministry's auction yesterday of 227,000 tonnes of rice via the Agricultural Futures Exchange of Thailand, but their low bids are expected to drag down the market price because of supply exceeding demand. ... [More]
Source: The Nation
Overwhelming response to rice sale. [Feb 13, 2014] The government's latest effort to sell its rice stocks has drawn an overwhelming response from interested bidders, with 18 potential buyers yesterday submitting their bids to buy 467,623 tonnes in a tender offer. ... [More]
Source: Bangkok Post
Traders: Old rice stocks unshippable, Use grain for ethanol or animal feed. [Feb 10, 2014] The government is being urged to take the harsh step of ridding itself of old rice stocks, which have long been warehoused, and using them to produce either ethanol or animal feed, as a strenuous attempt to step up exports in the short term is proving futile. ... [More]
Source: Bangkok Post
End pledging project now: exporters. [Feb 6, 2014] RICE EXPORTERS have urged the caretaker government to end its flagship rice-pledging scheme immediately, pointing to the mounting state stockpile of rice that an industry body claims would take five years to sell off. ... [More]
Source: The Nation
The cancelled Chinese's rice deal will not affect wider exports. [Feb 5, 2014] The Thai Rice Exporters Association has confirmed China’s withdrawal from the government’s rice agreement, claiming it will not affect the private sector’s exports. ... [More]
Source: National News Bureau & Public Relations
New bid to bridge rice gap; Banks asked to finance payments to farmers. [Jan 28, 2014] The Finance Ministry's Public Debt Management Office (PDMO) is preparing to seek bridge financing from local banks to meet payments to unpaid rice farmers within one month. ... [More]
Source: Bangkok Post
AFET rice sale goes well. [Jan 23, 2014] The government's latest effort to sell its rice stocks through the Agricultural Futures Exchange of Thailand (AFET) attracted up to 19 potential buyers. ... [More]
Source: Bangkok Post
Rice sale to China delayed by legal limbo over 'caretaker' powers. [Jan 15, 2014] The caretaker government is likely to face a new threat of more protests by farmers, who have suffered from the delay of payments for their pledged rice. ... [More]
Source: The Nation
EC allows rice stock sales to continue. [Jan 9, 2014] The caretaker government was given a breather after the Election Commission (EC) allowed it to continue selling rice stocks as usual, a move that could raise funds to ease the tight liquidity in the government's rice pledging scheme. ... [More]
Source: Bangkok Post
Historical news
News : 15 August 2014 :
Thailand's military government approved the sale of 73,000 tonnes of rice from government stocks in its first successful sale since the army seized power in May, less than the 167,000 tonnes it aimed to sell in a tender last week.
The sale of rice, worth more than 737 million baht (13.83 million pounds), from state warehouses to rice exporters, millers and domestic retailers follows a failure to shift any grain last week, in the military's first tender since it took control.
Duangporn Rodphaya, director-general of the Foreign Trade Department at the Commerce Ministry, which oversees rice stock sales, said 12 private companies were successful out of 36 bidders.
The sale was approved on Thursday, the commerce ministry said in a statement. It did not reveal the sale price and said that doing so could affect the next rice stock auction.
"The tender price this time was close to the market price," a government official at the commerce ministry said.
The price of common grade Thai 5-percent broken rice was steady at $440 per tonne on Friday, slightly below the same grade from Vietnam at $450-$455 a tonne.
In its first tender last week, offers were below the government's expectations, and the sale was halted by the state, which did not disclose a minimum floor price.
Thailand is estimated to hold up to 18 million tonnes of rice in state stockpiles, almost twice what it used to export each year.
The Southeast Asian nation has mammoth stockpiles of rice after the previous government bought rice from farmers at prices well above market levels for the staple grain.
The army, which seized power in a bloodless coup in May, made the repayment of farmers who were owed money under the controversial scheme one of its priorities.
It also halted rice sales while it inspected warehouses to check how much grain was being held and in what conditions.
Duangporn said the next round of bidding would take place soon and that floor price assessments would be amended in order to speed up sales.
"We will amend the way we assess minimum floor prices to speed up the decision-making process and will take into consideration the domestic and international rice trade situation," Duangporn said.
Thai rice prices fell around 20 percent in the first half of the year to a low of $370 a tonne as the previous government was forced to offload some stocks to pay millions of farmers who had been owed money for months under the scheme.
Prices rebounded in June after the military government halted sales and called for a nationwide stock inspection.
(Reporting By Kaweewit Kaewjinda and Panarat Thepgumpanat; Writing by Amy Sawitta Lefevre; Editing by Jane Baird)
First bid - Rice bids below ministry's floor prices. [Aug 8, 2014]
Scores of traders queued at the Commerce Ministry yesterday to join the first rice auction of the year, but bid below the ministry's "floor prices" despite high demand during the off season and amid transparency in the bidding process. ... [More]
Source: The Nation
Rice sales - China deal back on track, Trade officials bullish about buyer response. [Aug 5, 2014] The military regime is poised to call its first general auction for state rice stocks this week and vows to deliver 1 million tonnes of rice to China by next July to fulfil a previous deal. ... [More]
NCPO to auction 160,000 tonnes of rice. [Aug 4, 2014] The National Council to maintain Peace and Order’s economic chief, has announced that the NCPO will auction off 160,000 tonnes of rice by next week, while the new rice deal with China will allow a two phase delivery of rice to China by this September. ... [More]
Source: National News Bureau & Public Relations
Rice exports in July could hit 900,000 tonnes. [Aug 2, 2014] After surging 59.2 per cent in the first half of this year, Thailand's rice exports may have touched 900,000 tonnes in July, given its lower prices than rivals' and tightening rice supply in Vietnam, said the Thai Rice Exporters Association. ... [More]
Source: The Nation
Thai sales to cool rice market. [Jul 31, 2014] The rally in rice prices is set to cool as India and Thailand increase sales from stockpiles, boosting global supplies, according to the Deputy Trade Minister of Vietnam, the world's third-largest exporter. ... [More]
Source: Bangkok Post
Rice biding - Ministry mulls rice sales to China, Malaysia. [Jul 31, 2014] Demaged rice from the stockpiles that will be the raw material to produce ethanol by PTT, who interests to buy. ... [More]
Source: The Nation
Ministry seeks to resume small-lot rice sales in August. [Jul 24, 2014] THE COMMERCE MINISTRY is preparing to resume selling rice from its stockpiles in early August, gradually releasing it in small lots of about 500,000 tonnes a month. ... [More]
Source: The Nation
Rice strategies for five years drawn up. [Jul 23, 2014] The Commerce Ministry and relevant state agencies, as well as stakeholders in the rice industry, yesterday finished chalking out five development strategies, and six marketing strategies for implementation from 2015-2020. ... [More]
Source: The Nation
Price for rice shoots up as drought hits other states. [Jul 21, 2014] THE PRICE of Thai rice is expected to climb steadily in the next few months, mainly due to the appreciation of the baht, the government's suspension of its rice releases during its inventory audit and concern over drought in many countries. ... [More]
Source: The Nation
Stockpiled rice mostly of good quality, ministry insists. [Jul 9, 2014] Most of the rice in the government's stocks is in good condition, the Commerce Ministry claims. The statement followed daily reports from inspection teams about low-quality rice in the government's warehouses after the inspections started last Thursday. ... [More]
Source: The Nation
TREA calls for steady rice sales.[Jul 5, 2014] The junta is being urged not to be too hasty in selling off state rice stocks, while a mechanism to guarantee the quality of the grains put up for auction should be offered to raise the confidence of potential buyers. ... [More]
Source: Bangkok Post
Thai rice exports in 2014 projected at 9 million tonnes. [Jun 30, 2014] The Thai Rice Exporters Association has estimated that Thailand will be able to export nine million tonnes of rice this year, the highest level in three years, which should generate revenue of US$4.75 billion. ... [More]
Source: The Nation
Thai rice abroad: Inspection trips to Taiwan, China. [Jun 20, 2014] Test of quality after reports of mix with inferior grains, In response to concerns over rice quality, the Foreign Trade Department is sending inspection missions to mainland China and Taiwan. ... [More]
Source : The Nation
Rice stockpile to be audited. [Jun 16, 2014] More than 100 teams will inspect rice stocks to ascertain the quality and quantity of the remaining grain pledged to the previous government at 1,800 warehouses nationwide, PM's office permanent secretary ML Panadda Diskul said on Friday. ... [More]
Source: Bangkok Post
Millers, exporters at odds over rice stocks; Strategy did not raise prices for government. [Jun 11, 2014] Thai millers proposed yesterday the junta raise rice stocks held by exporters and millers to stop plummeting paddy prices, but exporters said the move would increase their financial costs and reduce competitiveness. ... [More]
Source: Bangkok Post
Thailand again biggest rice exporter; Thailand regains the lead. [Jun 5, 2014] Thailand has regained its position as the top rice exporter with shipments totalling nearly 4 million tonnes in the first five months of this year. ... [More]
Source: Bangkok Post
Exporters call for creation of Rice Board. [Jun 5, 2014] THE THAI RICE Exporters Association (TREA) yesterday proposed to the National Council for Peace and Order the setting up of an independent "Rice Board", comprising representatives from all involved to set up rice management policies and development plans for promoting sustainable growth of the industry. ... [More]
Source : The Nation
Thai move to reclaim rice crown in Hong Kong. [May 26, 2014] THAILAND is moving aggressively to reclaim its dominant share of the Hong Kong fragrant-rice market, after buyers there agreed to boost their orders. ... [More]
Source: The Nation
Pledging policy blamed for drastic fall in price of rice. [May 26, 2014] THE PRICE of Thai rice has plunged to the lowest level in six years, even lower than Vietnam's despite higher cost of production, due to the deposed government's pledging policy. ... [More]
Source: The Nation
17 Bidders compete for govt stockpiled rice. [May 15, 2014] Seventeen bidders participated in the Department of Foreign Trade (DFT) rice auction yesterday, competing to buy 450,000 tons of stockpiled rice, according to a Commerce Ministry report. ... [More]
Source: the Thai Financial Post
Thailand hopes for comeback in Hong Kong jasmine rice market. [May 14, 2014] Thailand is striving to reclaim its position as the largest supplier of jasmine rice to Hong Kong after losing almost half of its footprint in that market to Vietnam for several years. ... [More]
Source: The Nation
Greater interest in Thai rice stocks. [May 12, 2014] More than 10 countries have shown strong interest in purchasing rice from the Thai government's stocks, following high demand because of a global drought. ... [More]
Source: The Nation
NACC’s ruling on rice case will not affect G2G deals: DFT. [May 9, 2014] The Department of Foreign Trade is confident that the national anti-graft body’s ruling on rice case will not have an impact on government-to-government (G2G) agreements. ... [More]
Source: National News Bureau & Public Relations
Thailand can reclaim title as world' second biggest rice exporter. [May 9, 2014] The Food and Agriculture Organization (FAO) said Thailand’s rice exports are set to recover following the end of the controversial rice-pledging scheme. ... [More]
Source: National News Bureau & Public Relations
High hopes for rice contract with Iraq. [Apr 26, 2014] Exporters upbeat following lifting of ban on Thai imports. Rice exporters are strongly expected to win bidding contracts to sell to Iraq for the first time this month since the lifting of a ban imposed last August by Baghdad out of concern over the quality of Thai rice. ... [More]
Source: The Nation
1 million tons of rice will be distributed through AFET by June. [Apr 24, 2014] The Ministry of Commerce has set a goal to distribute one million tons of rice via the Agricultural Futures Exchange of Thailand (AFET) by June this year. ... [More]
Source: National News Bureau & Public Relations
3m tonne Manila rice sale proceeds, Agreement seeks to sell 3 million tonnes. [Apr 23, 2014] In its best bid to step up shedding its rice stocks, the caretaker government is seeking a three-year plan to sell grain to the Philippines. ... [More]
Source: Bangkok Post
Exporters upbeat about parboiled rice. [Apr 21, 2014] Thailand will focus more on parboiled rice after failing to win a tender to supply 800,000 tonnes of white rice to the Philippines. ... [More]
Source: Bangkok Post
Thailand upgrades quality of Hom Mali rice. [Apr 19, 2014] The Commerce Ministry has announced a new classification of Thai fragrant rice to tap high-end market abroad. ... [More]
Source: MCOT online news
Thailand to benefit from growing world rice demand, market monitors say. [Apr 14, 2014] Despite climatic shifts and natural disasters plaguing some rice producing countries, the 2013 season has produced more rice than expected, adding to the ninth straight year of rice surplus or 'carry over,' the UN's Food and Agriculture Organisation (FAO) reported recently. ... [More]
Source: The Nation
Thailand to export 8.7m tonnes of rice. [Apr 11, 2014] Thailand will export about 8.7 million tons of rice this year, ranking it the second largest exporter after India, the UN Food and Agriculture Organisation (FAO) said Thursday. ... [More]
Source: Bangkok Post
China may buy rice from Thailand : Commerce [Apr 11, 2014] China will possibly sign deals to buy one million tonnes of rice from Thailand after its specialists inspected a rice warehouse in Suphan Buri, a senior Thai Commerce Ministry said Thursday. ... [More]
Source: The Nation
High demand seen as 18 rice traders take part in govt auction. [Apr 11, 2014] Eighteen rice traders joined the Thai government's auction for 420,000 tonnes of rice late yesterday, reflecting high market demand. ... [More]
Source: The Nation
First regional rice bid 'a success'. [Apr 10, 2014] The first regional rice auction held in Suphan Buri on Wednesday was a success, with eight groups submitting bids. ... [More]
Source: Bangkok Post
Iraq to end Thai rice ban. [Apr 10, 2014] Iraq is set to resume buying Thai rice after halting purchases for almost a year on concerns about quality. ... [More]
Source: Bangkok Post
US among countries eyeing 1.6m tonnes of G2G rice deals. [Apr 10, 2014] THE UNITED STATES and other countries are interested in purchasing rice from Thailand under government-to-government contracts, for a combined volume of more than 1.6 million tonnes, says the Foreign Trade Department. ... [More]
Source: The Nation
China may buy more rice from Thailand. [Apr 10, 2014] China will possibly sign deals to buy one million tonnes of rice from Thailand after its specialists inspected a rice warehouse in Suphan Buri, according to the Thai Commerce Ministry. ... [More]
Source: MCOT online news
Rice exports up 40% year-on-year. [Apr 8, 2014] Thai rice exports rose to 1.4 million tonnes in the first two months of 2014, up 40% from the same period in 2013, Oryza.com reported on Tuesday. ... [More]
Source: Bangkok Post
Price war seen as Thai rice glut swamps market. [Apr 4, 2014] Asian rice prices will keep slumping from a near six-year low as Thailand clears out record stockpiles, threatening a price war with Vietnam and India. ... [More]
Source: Bangkok Post
Stepped-up release pressures home rice traders. [Apr 3, 2014] THE CARETAKER government's accelerated release of rice from its stockpiles has created difficulties for domestic traders, which now have to be much more active in promoting sales amidst a combination of lower market prices and weak consumer confidence in regard to rice quality. ... [More]
Source: The Nation
Commerce hopes to secure a deal to sell rice to Philippines. [Mar 31, 2014] The Commerce Ministry is working to achieve a sale of 800,000 tons of rice to the Philippines on April 15th, saying the other main contender is Vietnam. ... [More]
Source: National News Bureau & Public Relations
Futures rice sales target 1m tonnes. [Mar 31, 2014] The Commerce Ministry aims to sell 1 million tonnes of rice from state stockpiles through the futures market by June. ... [More]
Source: Bangkok Post
Commerce officials urge Iraqis to lift ban on Thai rice. [Mar 30, 2014] The Foreign Trade Department hopes Iraq will cancel its ban on Thai rice imports after a team met with the Iraqi Grain Board to offer assurances of the commodity's quality. ... [More]
Source: The Nation
Shipments enjoy rebound in February. [Mar 27, 2014] Exports rebounded in February, driven by the weak baht and the global economic recovery. Shipments rose by 2.43% year-on-year last month to US$18.4 billion after falling by 1.98% in January to $17.9 billion. The first two months of the year together showed an increase of 0.2% year-on-year to $36.3 billion. ... [More]
Source: Bangkok Post
Annual rice production expected to reach 26 million tons. [Mar 26, 2014] Deputy Prime Minister and Minister of Agriculture and Cooperatives Yukol Limlaemthong has expressed belief that the 2014 rice yields will total 26 million tons and hopes that the rice market will return to its normal state. ... [More]
Source: National News Bureau & Public Relations
Commerce Ministry to rekindle rice deal with Iraq. [Mar 25, 2014] The Department of Foreign Trade has announced that a team of trade representatives is visiting Iraq, in the department’s bid to revive a stalled rice deal with the Middle East nation. ... [More]
Source: National News Bureau & Public Relations
AEC lures Thai rice millers to invest in Cambodia. [Mar 25, 2014] Thai rice millers are lining up to build mills in Cambodia to cash in on imminent regional economic integration, with experts warning Cambodian rice is likely to flood Thailand. ... [More]
Source: Bangkok Post
Thai rice price expected to drop further after rice pledging scheme. [Mar 23, 2014] The Office of Agricultural Economics (OAE) has warned that price of Thai rice from April to May this year might plummet after the rice pledging scheme ended and rice from Vietnam entered the market. ... [More]
Source: National News Bureau & Public Relations
Thailand back to world’s No 1 rice exporter. [Mar 23, 2014] Thailand has reclaimed its title as the world’s top rice exporter after having shipped out 1.5 million tonnes of grain in the last two months, according to an international trade company. ... [More]
Source: MCOT online news
Rice prices set to fall further, Lukewarm response to government's auctions. [Mar 20, 2014] Rice prices are expected to keep falling further due to frequent rice sales held by the government and its hasty attempts to dispose of huge stocks of the grain. ... [More]
Source: Bangkok Post
Thailand to participate in an auction to sell rice to Philippines. [Mar 18, 2014] The Department of Foreign Trade reveals that it is preparing to participate in an auction hosted by the Philippines to sell 700,000-800,000 tons of rice after both countries have signed an extension of the Memorandum of Understanding (MoU) on rice cooperation. ... [More]
Source: National News Bureau & Public Relations
Commerce Ministry reviews strategy on sales of stockpiled rice. [Mar 18, 2014] Deputy Prime Minister and Commerce Minister Niwatthamrong Boonsongpaisan is today calling a meeting of related officials to discuss the rice situation and review the Ministry’s strategy to sell the stockpiled rice. ... [More]
Source: National News Bureau & Public Relations
Rice to be auctioned through AFET increasing to 300,000 tons. [Mar 15, 2014] The Department of Internal Trade (DIT) revealed the amount of rice to be auctioned through the Agricultural Future Exchange of Thailand (AFET) has increased to 300,000 tons. ... [More]
Source: National News Bureau & Public Relations
34 parties bidding in latest rice auction. [Mar 10, 2014] A sharp fall in rice prices and flexible conditions have drawn an overwhelming response from interested buyers to the caretaker government's latest rice auction, with 34 bidders taking part. ... [More]
Source: Bangkok Post
Two-pronged plan to clear rice stockpile. [Mar 8, 2014] In a move aimed at speeding up sales of state rice stocks, the caretaker government wants to call general auctions upcountry while letting relevant state-owned units sell their stocks directly to interested buyers. ... [More]
Source: Bangkok Post
Global market awaits cheap Thai rice. [Mar 7, 2014] Rice traders on the world market have temporarily paused dealing to wait for the Thai government to sell its stockpile cheap to repay a 20 billion baht loan to finance the rice-pledging scheme, according to an exporter of the grain. ... [More]
Source: Bangkok Post
Govt eyes AFET as channel of rice distribution. [Mar 7, 2014] The Agricultural Futures Trading Commission (AFTC) will promote sales of rice in an agricultural futures market as a way to help distribute rice and pay farmers in the government’s rice pledging program. ... [More]
Source: National News Bureau & Public Relations
China's COFCO to buy 1 mln tonnes of rice from Thailand. [Mar 6, 2014] China National Cereals, Oils and Foodstuffs Corporation (COFCO) today agreed to buy one million tonnes of rice from Thailand, according to Thailand's Foreign Trade Department. ... [More]
Source: MCOT online news
Commerce Ministry: Thailand never dumps rice in Indonesia. [Mar 2, 2014] The Ministry of Commerce has denied the rumor of rice dumping in Indonesia which allegedly affected rice prices in the global market and upset many rice producers. ... [More]
Source: National News Bureau & Public Relations
Thailand to sell 400,000 tonnes of rice to China this month. [Mar 2, 2014] China has initially agreed to buy 400,000 tonnes of rice from Thailand, pending an official contract this month, said caretaker Commerce Minister Niwatthamrong Boonsongpaisan. ... [More]
Source: MCOT online news
Stock release may hit prices. [Feb 26, 2014] The caretaker government's plans to step up disposal of its massive rice stockpiles to raise funds to pay farmers are expected to put mounting pressure on global and Thai rice prices. ... [More]
Source: Bangkok Post
Thai rice not being dumped. [Feb 22, 2014] Denies Indonesian claim of cheap sales or breaching world trade rules. The Foreign Trade Department yesterday dismissed reports that Thailand dumped cheap rice on the world market - a move that could be a breach of World Trade Organisation rules. ... [More]
Source: The Nation
Thailand denies dumping rice in Indonesian market. [Feb 22, 2014] The Thai Commerce Ministry has categorically denied a report that Thailand has dumped rice on the Indonesian market at cut-rate prices. ... [More]
Source: MCOT online news
Exporters sound alarm on rotting rice stocks; Iraq says no to imports for now, per one report. [Feb 21, 2014] With the government controlling a massive rice stockpile, exporters are warning that long-stored grains will eventually erode buyer confidence in Thai rice quality and damage the country's storied rice export industry. ... [More]
Source: Bangkok Post
Afet bids for govt rice come in low amid high supply. [Feb 14, 2014] Impact on market prices seen; ministry plans more auctions via futures market. A total of 17 traders joined the Commerce Ministry's auction yesterday of 227,000 tonnes of rice via the Agricultural Futures Exchange of Thailand, but their low bids are expected to drag down the market price because of supply exceeding demand. ... [More]
Source: The Nation
Overwhelming response to rice sale. [Feb 13, 2014] The government's latest effort to sell its rice stocks has drawn an overwhelming response from interested bidders, with 18 potential buyers yesterday submitting their bids to buy 467,623 tonnes in a tender offer. ... [More]
Source: Bangkok Post
Traders: Old rice stocks unshippable, Use grain for ethanol or animal feed. [Feb 10, 2014] The government is being urged to take the harsh step of ridding itself of old rice stocks, which have long been warehoused, and using them to produce either ethanol or animal feed, as a strenuous attempt to step up exports in the short term is proving futile. ... [More]
Source: Bangkok Post
End pledging project now: exporters. [Feb 6, 2014] RICE EXPORTERS have urged the caretaker government to end its flagship rice-pledging scheme immediately, pointing to the mounting state stockpile of rice that an industry body claims would take five years to sell off. ... [More]
Source: The Nation
The cancelled Chinese's rice deal will not affect wider exports. [Feb 5, 2014] The Thai Rice Exporters Association has confirmed China’s withdrawal from the government’s rice agreement, claiming it will not affect the private sector’s exports. ... [More]
Source: National News Bureau & Public Relations
New bid to bridge rice gap; Banks asked to finance payments to farmers. [Jan 28, 2014] The Finance Ministry's Public Debt Management Office (PDMO) is preparing to seek bridge financing from local banks to meet payments to unpaid rice farmers within one month. ... [More]
Source: Bangkok Post
AFET rice sale goes well. [Jan 23, 2014] The government's latest effort to sell its rice stocks through the Agricultural Futures Exchange of Thailand (AFET) attracted up to 19 potential buyers. ... [More]
Source: Bangkok Post
Rice sale to China delayed by legal limbo over 'caretaker' powers. [Jan 15, 2014] The caretaker government is likely to face a new threat of more protests by farmers, who have suffered from the delay of payments for their pledged rice. ... [More]
Source: The Nation
EC allows rice stock sales to continue. [Jan 9, 2014] The caretaker government was given a breather after the Election Commission (EC) allowed it to continue selling rice stocks as usual, a move that could raise funds to ease the tight liquidity in the government's rice pledging scheme. ... [More]
Source: Bangkok Post
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