Vietnam, Thailand to meet in Oct. about raising rice export prices

[SBFNews]

Vietnam, Thailand to meet in Oct. about raising rice export prices​

Hikes could hit 20%, adding fuel to global inflation

A woman works a rice field in Khon Kaen, Thailand. The country is considering price hikes for rice exports along with Vietnam, another major rice exporter.

© Reuters
YOHEI MURAMATSU and TOMOYA ONISHI, Nikkei staff writersSeptember 16, 2022 20:02 JST

BANGKOK/HANOI -- Vietnam and Thailand, the world's second- and third-largest rice exporters, will hold talks to raise export prices for rice, Nikkei has learned.

Thai Agriculture and Cooperatives Minister Chalermchai Sri-on will visit Vietnam on Oct. 6-7 for talks with Vietnamese Agriculture and Rural Development Minister Le Minh Hoan regarding the countries' agricultural cooperation including rice export prices, Thai government officials said.

Vietnam and Thailand could raise prices by around 20%, sending food prices higher and adding to global inflation amid the Ukraine war.

The two countries agreed in early September to cooperate in raising rice export prices, noting that their rice farmers are unable to cover higher production costs due to soaring costs of fertilizers, agricultural chemicals and fuel, the officials said.

Each country will set up its own working groups to examine specific measures.

Rice prices have been relatively stable in comparison with wheat prices, which have risen sharply since Russia's invasion of Ukraine. But India -- the world's biggest rice exporter -- has imposed a 20% export duty on the shipment of certain types of rice, effective last Friday, to ensure adequate domestic supplies.

In Vietnam, export prices for rice are already starting to increase following India's imposition of the duty.

Export prices of Thai rice stood at $446 per ton in August, up about 7% from a year earlier, while those of Vietnamese rice leveled off at about $385, according to data from the U.N. Food and Agriculture Organization.

Global rice exports totaled 51.63 million tons in 2021, according to the U.S. Department of Agriculture. India accounted for 41% of the total followed by Vietnam and Thailand at around 12% each. While China and the Philippines are the world's main rice importers, Japan also uses imported rice for processed food products.

https://asia.nikkei.com/Economy/Inf...meet-in-Oct.-about-raising-rice-export-prices

 

[syed putra]

Price if rice was usd 1000 per ton in 2008 i think. But when it dropped, our local retail prices remained.

 

[SBFNews]

Price if rice was usd 1000 per ton in 2008 i think. But when it dropped, our local retail prices remained.

Quick...Time to go NTUC and hoard rice now!

 

[mudhatter]

i looked it up.
indon morons produce as much rice as bangla (vassal states of ceca virus thx to coup orchestrated by yankees and ceca virus in 2006).

considering indon land mass, so much empty land, area, arable land, low tech agricultural items like rice should have been produced in abundance.

wtf!

how come indons are soooo lousy?


down to inferior ASEAN culture, which was influenced by CECA virus, and lack of history intellectuals civilization intellect brains etc?

indon got abt 15 times as much land as bangla, so indon should be producing 15x bangla or 15 times 54.6 million tons of rice, low tech agro products.

easy.

819 million tons of rice each year, just like a walk in the park, even working at low tech sector with lowyields like in bangla

these are low tech sectors.

 

[mudhatter]

genetic inferiority at work

 

[mudhatter]

indon area 1,904,569 sq. km

bangla area 147,570 sq km

Indon should have produced 12.906390187707528630480449955953 times Bangla annual rice production.

wtf! how on earth they can fail at simple low tech agro production too?

iq, race, inventiveness strikes again.



historical lack of civilization brain talents are at work here

 

[red amoeba]

Laulan Wong is in India. He will secure us high quality basmati rice at good prices. 1 CECA for every kilo of rice. Deal ?

 

[mudhatter]

if this chart is correct, then even if a lousy country like indon produce at same rate as bangla, rice output should be 12.906390187707528630480449955953 times Bangla output, i.e. 12.906390187707528630480449955953 times 54.6 million t = 704.68890424883106322423256759503 million tons


that's already at 93% of world's current annual rice production.

and that's with low yield low tech low mechanization production

formula is clear enough.

import 50 million bangla in malaysia + Indonesia, rice production should skyrocket to over 1000 million or 1 billion t


import more bangla in iran arab turkey afghanistan uzbekistan kazakhstan sudan egypt algeria libya lebanon palestine ethiopia kenya etc etc all around africa russkie etc, and rice production can shoot up to 20 billion t a year! that's abt 30x current global production!!!


piece of cake, like i said.

agro tech = low tech

even bangla, despite a vassal state of ceca virus, can make it work like it's a piece of cake, a walk in the park.

just dumb farks who can't do these simple tasks.