Results 1 to 14 of 14
  1. #1
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    26,936

    Imports Blamed for the Falling Price of Coconuts in Thailand

    BANGKOK Ė Thailandís Department of Foreign Trade plans to blacklist 10 companies if they fail to clarify the numbers of coconuts they have recently imported.


    Many Thai factories have been buying imported coconuts instead of using locally grown ones stored in warehouses, which has resulted in a large amount of unsold fruit.


    The middleman-run warehouses have been facing huge loses after stocking large numbers of coconuts in their warehouses and not being able to sell them. With a large supply of coconuts and few buyers, debts are also mounting for farmers and suppliers.


    To make matters worse in the industry, the retail price of coconuts in Thailand has decreased dramatically.


    The situation and flood of complaints has led Adol Chothinisakorn, the General Director of the Department of Foreign Trade, to insist that private companies seek permission to import coconuts under the Asean Free Trade Area, or AFTA, agreement.


    Ten of the 20 companies being checked by authorities could not clarify the number of coconuts they had imported and now face being blacklisted.


    For the past eight months, the amount of imported coconuts under AFTA had decreased by 27%, which amounted to a total of 167,723 tons. This should have resulted in an increase in the price of coconuts in Thailand, but the price has not changed.


    Adol blamed illegal imports. New measure aimed at helping the industry will be presented on October 18 by Thailandís Ministry of Agriculture and Cooperatives.


    Somkiet Laonark, the Associate President of the Coconut Farmers association in Chumphon, said the price of coconuts was now lower than the cost of growing them. The price per coconut was about 1-2 baht each, depending on size, he said.


    Officials representing growers, factory owners and producers of coconut-related products have asked the government to find a way to help the industry and use measures that do not go against World Trade Organization rules.

    Asia Times


    Dusita Maneemuang | Asia Times

  2. #2
    Thailand Expat
    crackerjack101's Avatar
    Join Date
    Feb 2016
    Last Online
    Today @ 08:22 AM
    Posts
    4,939
    Did they intend the pun ?

  3. #3
    Thailand Expat Dillinger's Avatar
    Join Date
    Jul 2012
    Last Online
    @
    Posts
    22,678
    Quote Originally Posted by misskit View Post
    the price of coconuts was now lower than the cost of growing them. The price per coconut was about 1-2 baht each
    Where are all these cheap coconuts then?

  4. #4
    POTUS HOCUS
    david44's Avatar
    Join Date
    Aug 2011
    Last Online
    Today @ 07:51 AM
    Location
    Inner Wrongholia
    Posts
    13,423

  • #5
    Thailand Expat
    beerlaodrinker's Avatar
    Join Date
    May 2011
    Last Online
    Today @ 07:45 AM
    Location
    vientiane
    Posts
    6,207
    Quote Originally Posted by Dillinger View Post
    Where are all these cheap coconuts then?
    They are being hoarded in warehouses. In anticipation of a cconut shortage that would see a price rise in coconuts. But that plan bit the hoarders on the ass when some cheeky fookers imported them cheaply instead of waiting for them to get expensive. Thai Economics?

  • #6
    Thailand Expat jabir's Avatar
    Join Date
    Jul 2016
    Last Online
    @
    Posts
    4,695
    Quote Originally Posted by beerlaodrinker View Post
    They are being hoarded in warehouses. In anticipation of a cconut shortage that would see a price rise in coconuts. But that plan bit the hoarders on the ass when some cheeky fookers imported them cheaply instead of waiting for them to get expensive. Thai Economics?
    Wasn't the cunning rice plan drawn on similar lines, and similar fate? Strange, that.

  • #7
    Thailand Expat
    jamescollister's Avatar
    Join Date
    Nov 2008
    Last Online
    18-10-2018 @ 11:35 PM
    Location
    Bunthrik Ubon
    Posts
    4,590
    Every week or 2 some government guys gets up and gives a news release on what some department intends to do about some agro crop.

    I watch the rubber news, about 3 months ago, Government was going to give 100 Baht per tree, to anyone who cut down producing trees, month or so later, it's 3,000 Baht a rai to stop tapping for a year, last week it's 3,000 Baht for 10 rai for a 3 months.
    Just stories, no bases to them, 5 minutes of air time and on to the next press release.

  • #8
    ไม่อยู่ใต้กะลามะพร้า ว HuangLao's Avatar
    Join Date
    Jun 2017
    Last Online
    @
    Location
    ตะพานหิน
    Posts
    4,715
    Quote Originally Posted by beerlaodrinker View Post
    They are being hoarded in warehouses. In anticipation of a cconut shortage that would see a price rise in coconuts. But that plan bit the hoarders on the ass when some cheeky fookers imported them cheaply instead of waiting for them to get expensive. Thai Economics?

    Or something like that.
    As long as the twisted control remains in their hands.

    It's all good.

  • #9
    Member
    harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    20-10-2018 @ 03:23 PM
    Posts
    52,360
    This is why they hate anything imported. It's usually better and cheaper than the shit they offer themselves.

    That includes services.

  • #10
    Thailand Expat
    jamescollister's Avatar
    Join Date
    Nov 2008
    Last Online
    18-10-2018 @ 11:35 PM
    Location
    Bunthrik Ubon
    Posts
    4,590
    The article says, imports down 27%, but prices are still down, Coconut farmers complain about the price, Government comes up with a story, not their fault, it's warehousing imported nuts that's the problem.

    No mention of type or use these coconuts are for, out my way guys come, harvest your nuts, but only the young small ones, drinking and sweet meat, type you buy in the market or Tesco, 5 Baht each, cash in hand, big old ones left to rot.

    Warehousing is not a long term option, coconuts have a limited shelf life, they are fruits, not nuts and rot, just too many coconuts and a limited number of processing factories.

  • #11
    Member
    harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    20-10-2018 @ 03:23 PM
    Posts
    52,360
    Quote Originally Posted by jamescollister View Post
    The article says, imports down 27%, but prices are still down, Coconut farmers complain about the price, Government comes up with a story, not their fault, it's warehousing imported nuts that's the problem.
    Well I'd say it's failing to understand the basic concept of supply and demand and expecting the government to compensate you for being a fucking retard.

  • #12
    Thailand Expat klong toey's Avatar
    Join Date
    Oct 2008
    Last Online
    Yesterday @ 08:24 PM
    Posts
    5,866
    Attached Images Attached Images

  • #13
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    26,936
    Farmers want measures implemented to boost coconut prices

    PRACHUAB KHIRI KHAN, 16th October 2018 (NNT)-Coconut farmers in Prachuab Khiri Khan have urged the Ministry of Commerce to lower coconut imports and list coconuts among controlled goods to prevent a price slump.

    Interior Minister Gen Anupong Paojinda has revealed that a meeting between a group of coconut farmers and local government officials in Prachuab Khiri Khan has led to a peaceful conclusion. The farmers are no longer planning to visit Bangkok to call on the government to solve the pricing problem.

    The farmers proposed that eight measures; such as limiting the quantity of foreign coconut imports and including coconuts on the list of controlled products, be implemented soon to prevent the coconut price from falling further. Such measures have already been submitted to related agencies for consideration.

    The Interior Minister added that the meeting was an example of how any issue occurring within a province can be resolved quickly and contained through talks. He claimed the same approach could be used elsewhere to prevent any problem from becoming too large to handle.


    National News Bureau Of Thailand | Farmers want measures implemented to boost coconut prices

  • #14
    Member
    harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    20-10-2018 @ 03:23 PM
    Posts
    52,360
    What is the "controlled products" bit. Limiting supply by storing the excess in a warehouse?.....................

  • Thread Information

    Users Browsing this Thread

    There are currently 1 users browsing this thread. (0 members and 1 guests)

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •