The USA Rice Federation fears Thailand will eventually dump rice on the global market, according to Oryza Rice Recap, a website specialising in providing rice information.
In a letter submitted to the US Trade Representative, the USA Rice Federation outlined its comments on rice policy in Brazil, Thailand, Taiwan, Japan and the EU.
The most interesting part of the comments may be the federation’s concerns about Thailand essentially dumping rice on the market if and when it finally sells its stocks.
The federation expressed concern about Thailand’s rice mortgage scheme and the effect it may have on increased Thai production and eventually exports, if all the stored rice is released on the market.
The USA Rice Federation is urging the World Trade Organisation to investigate the nation’s compliance.
As a counterpoint to the Thai rice scheme, which aims to boost export values but has severely dampened sales, is the pace and continuation of India’s rice exports.
Shipments of about half a million tonnes are about a month behind at Kakinada port but India is expected to remain a top world rice exporter. The market is keeping all eyes on India and its production in summer, which is harvested in winter.
Clear skies over Asia’s new foreign investment landscape?
Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.(more…)
How higher US bond yields will impact Asia Pacific bonds
As financial markets started pricing in stronger US economic growth and inflation because of Joe Biden’s stimulus plan, US bond yields have risen, causing ripple effects across the world, including in APAC.
Following the rise in US bond yields in response to Joe Biden’s stimulus plan and amid higher inflation in some economies, Asia Pacific bond yields have risen significantly as well, especially in Southeast Asia, India, Hong Kong, and Australia. However, Northeast Asian bond yields have risen little.(more…)
Thailand’s Ministry of Finance expects 3.5 to 4.5% economic growth in 2022
For next year, the Ministry of Finance is projecting an economic growth of 3.5-4.5% from effective pandemic control measures, incentives,...
This is what global tax reforms could mean for Asia’s tech giants
A new set of agreed global tax reforms will change where tech giants and other global giants pay taxes, explain...
Bank of Thailand warns of risks of cyber theft when using cryptocurrencies
The future looks promising for cryptocurrencies in Thailand after Siam Commercial Bank Pcl - Thailand's oldest private bank- invested 17.85...
The Bachelor Japan Season 4 showcases Thailand
Bangkok, 2 December, 2021 – The Tourism Authority of Thailand (TAT) is pleased to report that Thailand features as the...
ASEAN commemorates Youth in Climate Action and Disaster Resilience Day 2021
An intergenerational dialogue titled ‘Teaming up with You(th) for a Disaster-Resilient and Climate-Friendly ASEAN’, was moderated by the ASEAN Youth...