Monday, May 05, 2008

OPEC-style rice cartel proposed

Friday, 2 May 2008 19:52
The Prime Minister of Thailand has revived the idea of an OPEC-style Southeast Asia rice cartel.

However, analysts said the plan will not work due to the inability of governments to co-operate with each other and control output from their farmers.

The proposal by Samak Sundaravej the Thai PM, who also happens to be a TV chef, threatens to add to global food supply fears amid record high rice prices.

But it failed to gain traction seven years ago when it was first floated by Bangkok and most see little chance it will fare better this time around.

The five mainland Southeast Asian nations (Thailand, Laos, Myanmar, Cambodia and Vietnam) produce a combined 60 million tonnes of milled rice each year, about 14% of world output.

But only Thailand, the world's number one rice exporter, and Vietnam have major surpluses, last year accounting for about 47% of world wheat trade.

Mr Samak held talks with visiting Burmese Prime Minister Thein Sein and afterwards said they had agreed in principle to the idea.

Burma has resumed limited rice exports this year, mainly to South Asia, after several years off the market.

The proposed group, which includes two democracies, two Communist-led governments and a military dictatorship, appears in no hurry to hammer out the details.

Agriculture ministers will discuss the proposal in September at a meeting of the 10-nation ASEAN regional group in Vietnam.

Story from RTÉ News:

Another article from AP: Thailand floats idea of OPEC-style rice cartel

Questions (with the help of both articles)
  1. What are some of the factors determining the success of the rice cartel?
  2. Assess the short and long term impacts of the rice cartel on producers, consumers and society as a whole, in a rice exporting country as compared to a rice importing country.
and have a look at this very current local example of suspected price fixing...

The Competition Commission of Singapore("CCS") investigates possible price fixing again

- The CCS is currently investigating a suspected breach of the Competition Act (Cap. 50B) by four Singaporean suppliers of a traditional Chinese confectionery commonly used for prayers (发糕 - see pic) [read more]


Blogger 林磊 said...

nike air max 90
Canada Goose Outlet,Canada Goose Outlet Online,Canada Goose Clearance
michael kors bags
michael kors outlet
Air Jordan 8
Louis Vuitton Handbags Official Site
coach outlet online
coach outlet
abercrombie store
tory burch sale
michael kors outlet
Christian Louboutin Sale For Men And Women
Michael Kors Handbags Outlet
authentic louis vuitton handbags
coach outlet
Michael Kors Outlet Sale Online
fitflops sale clearance
michael kors outlet
true religion jeans
north face outlet
Michael Kors Outlet
Michael Kors Handbags Outlet Online
michael kors uk
Canada Goose Jackets/Coats And Parka Online
michale kors outlet online
coach factory outlet
Louis Vuitton Handbags On Sale
ugg boots wholesale
Louis Vuitton Outlet Online Shop
nike shorts,nike hoodies,nike town,new nike shoes,nike tennis shoes,air max 97,nike shop,nike basketball
Official Coach Factory Outlet Online
montblanc pen
ugg boots on sale
Mont Blanc Pens
Canada Gooses Sale,Canada Gooses Jackets,Canada Gooses Coats,Canada Gooses Parka

10:54 AM  
Blogger chenlina said...

louis vuitton purses
coach outlet
ray bans
coach factory outlet
coach outlet
supra shoes
fitflops shoes
louis vuitton outlet stores
air jordans
oakley vault
beats by dr dre
louis vuitton handbags
hollister clothing
michael kors outlet
true religion
michael kors outlet
louboutin shoes
christian louboutin outlet
christian louboutin shoes
cheap jerseys
toms shoes
abercrombie and fitch new york
coach outlet store online
jeremy scott shoes
asics shoes
true religion outlet
coach outlet store online
marc jacobs handbags
kate spade
polo outlet
coach outlet
kate spade handbags
true religion outlet
kobe 9
burberry bags
coach outlet
ray ban sunglasses
coach outlet
coach outlet online
michael kors outlet

11:38 AM  
Blogger dada24 Xu said...

adidas store
coach outlet online
air jordans
timberland boots outlet
nfl jerseys wholesale
jordan uk
coach factory outlet online
ysl outlet store
michael kors outlet clearance

10:10 AM  
Blogger Unknown said...

jordan shoes
cheap oakley sunglasses
adidas wings
nike roshe
beats headphones
coach outlet store online
louis vuitton outlet stores
louis vuitton outlet online
christian louboutin sale
pandora outlet

7:00 PM  
Blogger AshleyStevenson said...

you go through this article to recognize everything about it.Know More It is an app where the Musically Login PC, Android, iOS Free Download (APK) ability of a customer could reach others and also they could communicate Musically this way. Individuals could interact socially by Musically Login watching and complying with other individuals a well.

2:45 PM  
Blogger ronaldphillips said...

I advise you to try Bluestacks app Mobdro on your PC to run all your Android apps Refer on your PC free of cost. You could also attempt BlueStacks Mobdro App Download alternatives like Console.

12:35 PM  
Blogger dong dong23 said...

adidas shoes
coach outlet
christian louboutin
michael kors outlet
michael kors outlet
replica watches
ugg uk
canada goose

3:36 PM  
Blogger jeje said...

gucci belts
air max
vans shoes
hermes belts for men
yeezy boost 350
reebok shoes
yeezy boost 350
adidas nmd
vans shoes

4:45 PM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home