BANGKOK, 10 October 2011 (NNT) – The Bank of Thailand and the National Economic and Social Development Board have estimated an economic loss brought on by floods at 60-90 billion THB. Speaking after a meeting with officials from the BOT and the NESBD, Finance Minister Thirachai Phuvanatnaranubala revealed that the central bank had calculated the [...]
The Department of Agriculture has affirmed that Thai vegetables are safe from the current E. coli outbreak in Europe, which has left 22 people dead so far. Agriculture Department Director-General Jirakorn Kosaisevi said stringent measures have been used to inspect microbes as well as pests in vegetables prior to exportation. He hence expressed his confidence [...]
BANGKOK, 4 April 2011 (NNT)-Commerce Minister Pornthiva Nakasai said Thailand continues to reap benefits from border trades with this year growth expected to expand by 22% which accounts for 90 billion baht while the forecast for next year has seen the number of Thai export value increase to 1 trillion THB. However, Ms. Ponthiva said [...]
BANGKOK, 7 February 2011 (NNT) – The Commerce Ministry has admitted that the first lot of imported palm oil is being used up; hence, the next lot of 120,000 tons should arrive by the end of this month. Commerce Minister Pornthiva Nakasai indicated that the first import of 30,000 tons of palm oil from Malaysia [...]
BANGKOK, 31 January 2011 (NNT) – According to the Commerce Ministry, the price of bottled palm oil is likely to increase in line with the higher prices of palm fruits and crude palm oil. The Ministry of Commerce reported that the palm oil price still continues on the uptrend while the shortage problem is worsening, [...]
BANGKOK, 27 January 2011 (NNT) – Agricultural restructuring is needed in order to avoid potential food security crisis in the future, according to Agriculture and Cooperatives Minister Theera Wongsamut. Speaking in a special lecture entitled “Thailand’s Readiness for Food Security Crisis”, Mr Theera said Thailand, as a food producer, had very good security in food [...]
BANGKOK, Jan 26 – Thailand will continue its application to register with the European Union (EU) Protected Geographical Indication (PGI) after five EU member countries opposed its application for Thai Hom Mali rice submitted last year, according to the Thai Department of Intellectual Property. Intellectual Property Director-General Patchima Thanasanti on Wednesday said that Thailand applied [...]
BANGKOK, 21 January 2011 (NNT) – Price index for agricultural produces in general in 2010 is found to be higher than last year by 23.83% while the index this year is expected to rise continuously following the increasing demand for fuel. According to Agriculture and Cooperatives Minister Theera Wongsamut, the agricultural goods price index for [...]
Rice mortgage is one of many methods the government uses to assist farmers by manipulating rice prices. However, there are problems found in the government rice mortgage scheme, including produce adulteration and price arbitrage. The government by Prime Minister Abhisit Vejjajiva therefore initiated the idea to use a rice price guarantee scheme instead of the [...]
The food and grocery sector needs to unite to use its influence and contacts if the world is to address the “forgotten Millennium Goal” of hidden hunger, according to a Joint Declaration signed today by some of the world’s biggest food and nutrition companies.
