Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

grantcart

(53,061 posts)
3. A complete fuck up by Yingluck
Tue Jan 21, 2014, 03:51 AM
Jan 2014

As this graph shows Thailand had premier status as world exporter





One other issue warrants comment. In the wake of Yingluck’s exceedingly generous rice price support for farmers there were concerns, echoed in the World Bank’s assessment, about the reduced competitiveness of Thai rice exports.



They have completely destabilized rice prices and made it impossible to pay the farmers a subsidy because they bought high and sold low, creating a 5 year low for rice prices.


http://www.indexmundi.com/commodities/?commodity=rice&months=60

http://asiapacific.anu.edu.au/newmandala/2012/06/18/thailands-resilient-economy/

The current level of Thai rice inventories can cover 50% of global rice imports. Now rice markets are nervous that Thai rice will flood the market and result in significant price drops, thus impacting farmers in India and Vietnam

http://aviyer2010.wordpress.com/2013/07/18/the-thai-mountain-of-rice-inventory-and-global-supply-chain-worries/

what do you expect when you select a person who would make Sarah Palin look like Albert Einstein in comparison. Unfortunately with the tremendous overage in inventories it will mean that all poor rice farmers around the world, not just Thailand, will suffer from depressed prices for years.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Issue Forums»Economy»Shinawatra (Thailand) cla...»Reply #3