World Grain - October 2011 - 52

FEATURE: THAI RICE PLAN CONTROVERSIAL

Vietnamese rice will increase from $550 to only $700 a tonne, Vietnam exporters say. Vietnam plans to take advantage of that, with exports expected to grow as much as 7 million tonnes in 2012. Thai and Vietnamese rice leaders have met multiple times to discuss rice cooperation. Korbsook Iamsuri, president of the Thai Rice Exporters

Association, said the two countries will exchange information to prevent price cutting and to develop rice production. “This agreement will ensure sustainable growth in rice exports, because Thailand and Vietnam are the world’s biggest rice suppliers. Rice prices will be more stable, because each country will stop undercutting prices,” Korbsook said.

To cut back on corruption, the Ministry of Commerce plans to reward informers who give tips on wrongdoing associated with the Paddy Pledging Program. This includes fraudulently claiming privilege prices for rice from neighboring countries. Those who give information on such practices will receive 50% of the value of the smuggled rice. A special unit also is being established to prevent corruption, according to the commerce minister. GOVERNMENT RISK Economists have warned that the government could lose millions of dollars under the pledging program. The Thailand Development Research Institute (TDRI) said the high prices promised will encourage farmers to increase their plantations, resulting in the government having to spend more to keep rice prices at the promised levels. TDRI said the government may have to buy 10 million tonnes of paddy next year to meet its promises. At some point the government may be forced to dump excess rice at a loss on the open market, the group said. When the government goes to release rice from its stockpiles, the price will likely drop in the global market, resulting in more losses, TDRI said. The government would likely not raise prices domestically, for fear of consumer backlash, or it would implement consumer subsidy programs, adding more to the cost. It seems unlikely that expectations of soaring rice prices will happen, according to analysts and economists. Global stocks to usage ratios have increased for six years, despite some instances of panic. Rice consumption per capita, especially in emerging nations, is likely to drop each year as consumers shift spending to other items. The government took huge losses from past pledging programs, TDRI said, amounting to $628 million.
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World Grain - October 2011

Table of Contents for the Digital Edition of World Grain - October 2011

World Grain - October 2011
Contents
Grain’s influence on global population trends
CALENDAR OF EVENTS
News review
Focus on Turkey
In it for the long haul
Deregulation shapes shipping market in Australia
Port developments
News Roundup
Thai rice plan controversial
A growing force in corn
Is biotech blooming in Europe?
A battle for China
Marketing maneuvers
Biofuels News Review
A new imaging method for millers
U.S. soy crushers face challenges
IAOM Eurasia
Flour trade prospects improve
Ridding your facility of rodents
Intersystems expanding Omaha facility
OCRIM school educates millers from around the world
Perten Instruments acquires TexVol Instruments
Food Protection Alliance names Schmitz as director
SternMaid to participate in Food Ingredients Europe
Insta-Pro International names Latin American sales manager
CPM acquires CIMBRIA SK
Alltech realigns leadership team
PRODUCT SHOWCASE
Advertiser Index
World Grain - October 2011 - World Grain - October 2011
World Grain - October 2011 - 2
World Grain - October 2011 - 3
World Grain - October 2011 - 4
World Grain - October 2011 - 5
World Grain - October 2011 - 6
World Grain - October 2011 - Contents
World Grain - October 2011 - 8
World Grain - October 2011 - 9
World Grain - October 2011 - Grain’s influence on global population trends
World Grain - October 2011 - 11
World Grain - October 2011 - CALENDAR OF EVENTS
World Grain - October 2011 - 13
World Grain - October 2011 - News review
World Grain - October 2011 - 15
World Grain - October 2011 - 16
World Grain - October 2011 - 17
World Grain - October 2011 - 18
World Grain - October 2011 - 19
World Grain - October 2011 - 20
World Grain - October 2011 - 21
World Grain - October 2011 - 22
World Grain - October 2011 - 23
World Grain - October 2011 - 24
World Grain - October 2011 - 25
World Grain - October 2011 - Focus on Turkey
World Grain - October 2011 - 27
World Grain - October 2011 - 28
World Grain - October 2011 - 29
World Grain - October 2011 - 30
World Grain - October 2011 - 31
World Grain - October 2011 - In it for the long haul
World Grain - October 2011 - 33
World Grain - October 2011 - 34
World Grain - October 2011 - Deregulation shapes shipping market in Australia
World Grain - October 2011 - 36
World Grain - October 2011 - 37
World Grain - October 2011 - Port developments
World Grain - October 2011 - 39
World Grain - October 2011 - 40
World Grain - October 2011 - 41
World Grain - October 2011 - 42
World Grain - October 2011 - 43
World Grain - October 2011 - News Roundup
World Grain - October 2011 - 45
World Grain - October 2011 - 46
World Grain - October 2011 - 47
World Grain - October 2011 - Thai rice plan controversial
World Grain - October 2011 - 49
World Grain - October 2011 - 50
World Grain - October 2011 - 51
World Grain - October 2011 - 52
World Grain - October 2011 - 53
World Grain - October 2011 - 54
World Grain - October 2011 - 55
World Grain - October 2011 - A growing force in corn
World Grain - October 2011 - 57
World Grain - October 2011 - 58
World Grain - October 2011 - 59
World Grain - October 2011 - 60
World Grain - October 2011 - 61
World Grain - October 2011 - Is biotech blooming in Europe?
World Grain - October 2011 - 63
World Grain - October 2011 - A battle for China
World Grain - October 2011 - 65
World Grain - October 2011 - 66
World Grain - October 2011 - 67
World Grain - October 2011 - Marketing maneuvers
World Grain - October 2011 - 69
World Grain - October 2011 - 70
World Grain - October 2011 - 71
World Grain - October 2011 - Biofuels News Review
World Grain - October 2011 - 73
World Grain - October 2011 - 74
World Grain - October 2011 - 75
World Grain - October 2011 - A new imaging method for millers
World Grain - October 2011 - 77
World Grain - October 2011 - 78
World Grain - October 2011 - 79
World Grain - October 2011 - 80
World Grain - October 2011 - 81
World Grain - October 2011 - U.S. soy crushers face challenges
World Grain - October 2011 - 83
World Grain - October 2011 - 84
World Grain - October 2011 - 85
World Grain - October 2011 - 86
World Grain - October 2011 - 87
World Grain - October 2011 - IAOM Eurasia
World Grain - October 2011 - 89
World Grain - October 2011 - 90
World Grain - October 2011 - 91
World Grain - October 2011 - 92
World Grain - October 2011 - 93
World Grain - October 2011 - Flour trade prospects improve
World Grain - October 2011 - 95
World Grain - October 2011 - 96
World Grain - October 2011 - 97
World Grain - October 2011 - Ridding your facility of rodents
World Grain - October 2011 - 99
World Grain - October 2011 - 100
World Grain - October 2011 - 101
World Grain - October 2011 - Food Protection Alliance names Schmitz as director
World Grain - October 2011 - 103
World Grain - October 2011 - Alltech realigns leadership team
World Grain - October 2011 - PRODUCT SHOWCASE
World Grain - October 2011 - Advertiser Index
World Grain - October 2011 - 107
World Grain - October 2011 - 108
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http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com