Thailand to compete in strong bid on rice market for the Phillipines

In just a few days, Thailand will find itself in a stark competition with fellow Southasian countries Vietnam and Cambodia for the selling of more than 250.000 tonnes of rice to the Phillipines. Manila’s plan is to support global rice prices that have dropped in Asia and Africa in the past months, with benchmark prices in major suppliers Vietnam and Thailand at multi-month lows.

“We’re offering to sell one million tons but how much will be sold depends on the bids,” said Duangporn Rodphaya, chief of the commerce ministry’s foreign trade department in charge of the country’s rice auctions.

thai rice2According to the official, the rice will be sold through two auctions, one which will involve more than 750.000 tonnes of rice dedicated to human consumption, and the rest up to a million tonnes is for rice fit for both human and industrial use. The government plans to sell the rice in two auctions on August 29 and 30, for domestic buyers only.

Duangporn also said that Thailand will certainly not sell rice for low prices to prevent any impact to the market.
It had been a bad year for rice-producing countries in Southeast Asia, and while the meteorological conditions had drastically cut the output to world markets, the same conditions now allow Thailand to speed up sales and gain a foothold before the main crop is harvested at the end of the calendaristic year.

According to Thai state officials, the Kingdom is ready to give Vietnam and Cambodia a run for their money when it comes to selling rice to the Phillipines, a country which is ready to hold an auction at the end of August in order to import 250.000 tonnes of rice based on a government-to-government contract.

About The Author

David Nataf started his career as co-founder of Net Development, a leading French web integrators, employing 80 people. After the merger of Net Development with Reef publisher, David joined the law firm, Jean-Pierre Millet, with the defense of computer attackers and victimes specialty ("hackers") in cases between different organizations such as NSA or other members of the international interception 'Echelon' network from the UKUSA treaty or the US Air Force. He is the author of several books on information warfare, consultant for the European Parliament as an expert in computer security (SSI) and electromagnetic signals intelligence (SIGINT). David Nataf successively launched several start-ups of the Internet in the field of paperless technologies termination of contracts online ("resilier.com"); online subscription to early stage fundraising foreshadowing the model will retain more later the platform "gust.com", or free roaming mobile operators (MVNO). Given his specialty at the cross road of anti computer crime legal advising, Internet technology, media and anti-propaganda operations, David has naturally become an actor's influence on the Web, working for a think-tank representing french defense and Aerospace. He is architecting crypto farms and masternodes for cryptocurrencies in Asia and Israel technological parks. He graduated in Law from the Faculty of Paris, is a passionate graduated gemologist by Gemological Institute of America "GG", Gemmological Association of Great Britain "Cert-Ga", practical daily triathlon.

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