Stocking Rice is it profitable?

[crowsnest]

Just wondered if anyone does this and can it pay off in 3-4 months time?

The GF thinks it's a good idea and is doing this herself, she is buying at 13 baht per kilo of locals who need money now to pay off banks etc!

However there does seem to be some jealousy in the village by doing this, what's your opinions about this, any advise welcome am now coming Buriram 2mo and will stop in Coffee corner and make myself known at some stage!
 

[boloa]

I have had 2 friends that have done this  for the last 2 years,they have lost money ( rice drying out ) or broke even. Its a gamble IMO..!!

[isanbirder]

We made money on it last year, but don't intend to repeat!

[nookiebear]

And if a family of rodents get amongst it you'll lose the lot

[crowsnest]

We made money on it last year, but don't intend to repeat!

Is there a reason why you wouldn't do it again if you made money?

I have had 2 friends that have done this  for the last 2 years,they have lost money ( rice drying out ) or broke even. Its a gamble IMO..!!

Mmm maybe one that is worth doing say for 100,000 Baht not too much too lose! The rice i expect will be in short demand this year due to floods in a lot of provinces! Yes i suppose everything is a gamble up here! I do however expect the price of rice to go up, if you could take the product and sort packaging out, and see the product in the shops then you are into big money as 5kg of rice in our supermarket in Pattaya is 250 Baht that's 50 Baht per kilo (end product)
Someone is making big money?

[isanbirder]

We made money on it last year, but don't intend to repeat!

Is there a reason why you wouldn't do it again if you made money?

Yes, too chancy, and better uses for the money!

[crowsnest]

We made money on it last year, but don't intend to repeat!

Is there a reason why you wouldn't do it again if you made money?

Ok cheers for the heads up!
Yes, too chancy, and better uses for the money!

[boloa]

As I said before it's a gamble.....I do remember it went up to about 22 baht + a kilo at one point in the past., the choice is yours

[crowsnest]

As I said before it's a gamble.....I do remember it went up to about 22 baht + a kilo at one point in the past., the choice is yours

If it did go up to that Boloa i would be laughing all the way to the bank to collect my beer tokens! lol

[boloa]

Mmm maybe one that is worth doing say for 100,000 Baht not too much too lose! The rice i expect will be in short demand this year due to floods in a lot of provinces! Yes i suppose everything is a gamble up here! I do however expect the price of rice to go up, if you could take the product and sort packaging out, and see the product in the shops then you are into big money as 5kg of rice in our supermarket in Pattaya is 250 Baht that's 50 Baht per kilo (end product)
Someone is making big money?

I live in a fairly large village and have suggested may times that the villagers should start up a Co Op ,buy a machine that bags up rice into 5 and 10 kilo plastic Branded bag and sell direct to the Supermarkets.We have 2 or 3 mills for de-husking the rice and am sure a bagging machine wouldn't be to expensive  ( http://www.tootoo.com/buy-rice_packing_bag/ ). But Thais seem to be so insular and are scared someone is going to rip them off,which is a shame because as you have pointed out Crowsnest there is money to be made for sure.My Uncle in the UK was a market gardener and for years he struggled  on his own until all the other local market Gardeners  set up a Co Op, now they have cut out the middle man and the Supermarket lorries pick up direct from the Farms ,pre-packet in the Supermarkets packaging . Could work here I'm sure.

[EastFife4Forfar5]

Mmm maybe one that is worth doing say for 100,000 Baht not too much too lose! The rice i expect will be in short demand this year due to floods in a lot of provinces! Yes i suppose everything is a gamble up here! I do however expect the price of rice to go up, if you could take the product and sort packaging out, and see the product in the shops then you are into big money as 5kg of rice in our supermarket in Pattaya is 250 Baht that's 50 Baht per kilo (end product)
Someone is making big money?

I live in a fairly large village and have suggested may times that the villagers should start up a Co Op ,buy a machine that bags up rice into 5 and 10 kilo plastic Branded bag and sell direct to the Supermarkets.We have 2 or 3 mills for de-husking the rice and am sure a bagging machine wouldn't be to expensive  ( http://www.tootoo.com/buy-rice_packing_bag/ ). But Thais seem to be so insular and are scared someone is going to rip them off,which is a shame because as you have pointed out Crowsnest there is money to be made for sure.My Uncle in the UK was a market gardener and for years he struggled  on his own until all the other local market Gardeners  set up a Co Op, now they have cut out the middle man and the Supermarket lorries pick up direct from the Farms ,pre-packet in the Supermarkets packaging . Could work here I'm sure.

You would probably get your balls cut off by the mafia.

I take about 10 containers of Jasmine rice a year to the UK. A local mill wanted to deal direct with me (a Falang) - I said I am happy to talk business if they could package to our brand requirements and include all the EEC health requirements + provide cert of origin, cert of fumigation etc etc etc - I am still waiting.

Meanwhile I deal through the Chinese merchant in Buriram.

[Prakhonchai Nick]

And if a family of rodents get amongst it you'll lose the lot

Never mind the rodents. The wife's family would probably get there first!

[Prakhonchai Nick]

You would probably get your balls cut off by the mafia.

Bugger Me. Get yer balls cut off for selling rice. And even risk the same fate when spending an evening out with the BRE crowd last week. What next? You paint a rosy picture you fictitious Scottish git!

[crowsnest]

I live in a fairly large village and have suggested may times that the villagers should start up a Co Op ,buy a machine that bags up rice into 5 and 10 kilo plastic Branded bag and sell direct to the Supermarkets.We have 2 or 3 mills for de-husking the rice and am sure a bagging machine wouldn't be to expensive  ( http://www.tootoo.com/buy-rice_packing_bag/ ). But Thais seem to be so insular and are scared someone is going to rip them off,which is a shame because as you have pointed out Crowsnest there is money to be made for sure.My Uncle in the UK was a market gardener and for years he struggled  on his own until all the other local market Gardeners  set up a Co Op, now they have cut out the middle man and the Supermarket lorries pick up direct from the Farms ,pre-packet in the Supermarkets packaging . Could work here I'm sure.

That is useful advise and an e-mail has been sent regarding the machine!

You would probably get your balls cut off by the mafia.

I take about 10 containers of Jasmine rice a year to the UK. A local mill wanted to deal direct with me (a Falang) - I said I am happy to talk business if they could package to our brand requirements and include all the EEC health requirements + provide cert of origin, cert of fumigation etc etc etc - I am still waiting.

Meanwhile I deal through the Chinese merchant in Buriram.
[/quote]

Why are your balls still intact then if you are shipping abroad and cutting out the middle man if it is indeed Mafia run?
We are talking about a very small proportion of the global market! You are shipping it abroad i am not!

Many thanks

[Vombatus]

Using a merchant in Buriram IS playing within the system. Trying to take the merchant out of the chain would be a risk to your testicles.

I doubt the size of the market really matters when principles are involved.