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Post Info TOPIC: Plans to form rice cartel in ASEAN unlikely to succeed, rice is not oil !
Anonymous

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Plans to form rice cartel in ASEAN unlikely to succeed, rice is not oil !
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Finally they came up with this results. I wonder in the future, if Lao leader can propose some new ideas for the ASEAN to follow



Thailand, the world's biggest rice exporter, on Tuesday dropped its proposal to create an OPEC-style rice cartel and instead offered to invite top producing nations to a forum on ways to increase supplies and yields.

"If Thailand was going to set up a rice cartel to fix the price, that would worsen food security," the foreign minister, Noppadon Pattama, said after a lunch with diplomats from six rice-producing countries.

Noppadon said he floated an idea of establishing an international agency to share information on rice production and productivity, called the Council on Rice Trade Cooperation, instead of a price-setting body.

Noppadon said Thailand, which is the world's top rice exporter, with a third of the market, would host the first meeting in two to three months if the six other countries - China, India, Pakistan, Cambodia, Myanmar and Vietnam - agreed.

The prime minister of Thailand, Samak Sundaravej, last week told the prime minister of Myanmar, Thein Sein, that he wanted to revive the long-dormant idea of a price-setting body, involving Thailand, Vietnam, Myanmar, Laos and Cambodia.

But economic analysts and traders said the proposal would go nowhere because of the inability of governments to cooperate with each other and control farmers' output.

Samak said Thein Sein had agreed in principle to the idea, but the prime minister did not speak to reporters. Myanmar had resumed limited rice exports this year, mainly to South Asia, after several years off the market.

Thailand, Vietnam, Myanmar, Laos and Cambodia produce a combined 60 million tons of milled rice each year, about 14 percent of world output. But only Thailand and Vietnam have major surpluses.

Noppadon said the new rice body would not duplicate work of the 48-year-old International Rice Research Institute, an education and research group based in the Philippines that has staff in 14 Asian and African countries.

http://www.iht.com/articles/2008/05/06/business/baht.php

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Anonymous

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Thailand, the world's biggest rice exporter, on Tuesday dropped its proposal to create an OPEC-style rice cartel and instead offered to invite top producing nations to a forum on ways to increase supplies and yields.

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Anonymous

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Probably, Laos will not propose some bad new idea as certain country did

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Zak


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Anonymous wrote:

Probably, Laos will not propose some bad new idea as certain country did



Well, if you read, its going to fail because...

"But economic analysts and traders said the proposal would go nowhere because of the inability of governments to cooperate with each other and control farmers' output."


 



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