Stories of rice thieves, $900-a-tonne crop price, drive panic on the Thai paddies Posted: March 24, 2008, 2:11 PM by Shane Dingman World
Photo: Thai rice is loaded into a truck in Suphan Buri province, about 105 km north of Bangkok, March 24, 2008. Thai rice farmers are guarding paddy fields and hurrying to bring in their crops after a granary theft last week fuelled rumours of bandits lured by surging rice prices, officials said on Monday. Sukree Sukplang/Reuters
We're always on the lookout for evidence of the Food Boom our colleagues at the Financial Post have made such an elegant case for, see more here, and the panic among Thai rice farmers that Reuters has discovered seems like an ideal example. Apornrath Phoonphongphiphat writes:
Thai rice farmers are guarding paddy fields and hurrying to bring in their crops after a granary theft last week fuelled rumours of bandits lured by surging rice prices, officials said on Monday.
Reports of widespread paddy theft, although unsubstantiated by police, spread quickly after the theft of 100 kg (220 lb) of premium quality fragrant rice from a farmer’s granary in the province of Kalasin, 500 km (310 miles) northeast of Bangkok.
“Villagers have set up teams and are patrolling the community,” Urit Poo-aob, a district chief in Kalasin, told Reuters by telephone.
The northeast is the key producing region for premium grade fragrant rice in Thailand, the world’s biggest rice exporter.
Thai rice prices have been rising since late last year when India banned exports of non-basmati rice to ensure it had enough for its own people.
Vietnam, the number two rice exporter, halted exports during March and April in order to meet Filipino contracts.
As a result, the price of Thai premium fragrant price has soared 30% to nearly $900 a tonne.
Thai 100% B grade white rice has also risen 30%, to $600 a tonne, fuelling rumours of rice bandits swooping on unguarded paddy fields after midnight in search of an easy score.
Some farmers in the white rice growing province of Sing Buri have slept in their paddy fields after rumours spread of a 1,000 kg heist. However, police have received no formal complaint.
“There are many rumours, but no one has come forward to tell police that they were robbed,” an Ang Thong police official, who declined to be named, told Reuters.
Nevertheless, the rumours have been strong enough to prompt many farmers to harvest their crops as quickly as possible.
“Most of the rice grown in Suphan Buri has already been harvested. It’s around 10-20 days earlier than expected,” said an agricultural official in the mostly white rice producing province 100 km north of Bangkok.
Thailand, the world’s biggest rice exporter, is expected to to produce around 6 million tonnes of paddy in its second smaller crop usually harvested in April.
