Thailand proposes rice cartel idea - CNN.com
$this->bbcode_second_pass_quote('', 'B')ANGKOK, Thailand (CNN) -- Thai Prime Minister Samak Sundaravej piqued global interest this week when he suggested the formation of a rice cartel with other producers, a government spokesman said.
The idea came as his deputy and commerce minister proposed a rice producer summit that would include Thailand, Vietnam, India and China. Only India has so far voiced support; it is second to Thailand as the world's largest rice producer.
The notion of a rice cartel comes amid skyrocketing food prices that have been linked -- at least in part -- to rising energy costs, the business of another cartel: the Organization of the Petroleum Exporting Countries, or OPEC. Its 12 member nations supply about 40 percent of the world's oil.
Laos Foreign Ministry spokesman Yong Chanthalansy said Friday the Laotian government would "seriously consider" the idea of creating a cartel to gain "bargaining power," The Associated Press reported.
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FOOD: THE Rice Thread (merged)
ORGEC?(Organization of Rice Growing and Exporting Countries)
by TheDude » Sat 03 May 2008, 04:08:29
{Title edited by SPG to be more descriptive}
Cogito, ergo non satis bibivi
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And let me tell you something: I dig your work.
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OREC - Organization of Rice Exporting Countries
by 3aidlillahi » Sat 03 May 2008, 12:40:34
$this->bbcode_second_pass_quote('', 'M')ANILA, Philippines - Asian countries sought to tame the spiraling rice market, with Thailand proposing an OPEC-style cartel for exporters and the Philippines shoring up supplies while aiming to end its status as the world's largest importer.
Friday's moves came as prices for rice and other food staples have been rising rapidly around the world, sparking violent protests in Haiti and Egypt along with concerns of unrest elsewhere amid profiteering and hoarding.
The sudden crisis — the price of rice has more than tripled since January — has experts calling for major changes in food production to improve crop yields and cut waste.
Friday's moves came as prices for rice and other food staples have been rising rapidly around the world, sparking violent protests in Haiti and Egypt along with concerns of unrest elsewhere amid profiteering and hoarding.
The sudden crisis — the price of rice has more than tripled since January — has experts calling for major changes in food production to improve crop yields and cut waste.
Read more here
Will be interesting. Talk of a natural-gas "OPEC" and now a rice "OPEC". Maybe the US and Australia will get together for a wheat "OPEC" and Ireland and Britain can be the H20 "OPEC".
Riches are not from abundance of worldly goods, but from a contented mind.
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Re: OREC - Organization of Rice Exporting Countries
by deMolay » Sat 03 May 2008, 14:46:46
Maybe the US should start a Grain OPEC and trade food for oil.
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Re: ORGEC?
by smallpoxgirl » Sat 03 May 2008, 14:58:32
Does this mean we're headed for a 70's style grain shock? 
Rationing. People in line for hours for a cup of minute rice? Suck!
Rationing. People in line for hours for a cup of minute rice? Suck!
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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Re: ORGEC?
by 3aidlillahi » Sat 03 May 2008, 15:04:05
Nooo. You beat me, Dude. I never break a story. Except Elliot Spitzer.
ORGEC? What's the G stand for? Organization of Rice G_____ Exporting Countries.
ORGEC? What's the G stand for? Organization of Rice G_____ Exporting Countries.
Last edited by 3aidlillahi on Sat 03 May 2008, 18:50:36, edited 1 time in total.
Riches are not from abundance of worldly goods, but from a contented mind.
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Re: ORGEC?
by 3aidlillahi » Sat 03 May 2008, 15:10:55
$this->bbcode_second_pass_quote('smallpoxgirl', 'D')oes this mean we're headed for a 70's style grain shock?
Rationing. People in line for hours for a cup of minute rice? Suck!
Rationing. People in line for hours for a cup of minute rice? Suck!
As long as we don't support a nation in that region going to war against many of the other OREC nations and occupying land ('73). Or as long as we don't pit one major OREC nation (Iraq) against another OREC nation (Iran) ('80). Otherwise we'll be fine.
Also, we export rice, roughly 10% of all exports. And we don't exactly have a massively growing need for rice, at least not in comparison to oil in the '70's so we should keep that for a while. This is why it's really silly about the rice scare in the US.
Riches are not from abundance of worldly goods, but from a contented mind.
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Re: ORGEC?
by smallpoxgirl » Sat 03 May 2008, 15:52:43
$this->bbcode_second_pass_quote('3aidlillahi', 'O')RGEC? What's the G stand for? Organization of Rice G_____ Exporting Countries.
I assumed it was Organization of Rice Growing and Exporting Countries.
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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smallpoxgirl - Expert
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Shanny amended my title; I wanted it to be mysterious, darn it! Helps with the Search function though.
