After the Bowring Treaty between Thailand and Great Britain in 1855, Thai government allowed an uncontrolled export of rice for the first time. It was not long before Thailand topped the list as world's No. 1 rice exporter. Rice trade becomes the enterprise that generates an enormous size of revenue. Located along Chao Phraya River were large numbers of rice mills. At the initial stage, these and all rice exporting enterprises were owned by westerners, with Chinese staff acting as "compradore" or their representatives in dealing with rice farmers and acquiring paddy for the mills.
It took the Chinese hardly two decades before they knew all the Ins and outs of the business to be able to run the first rice mills of their own in 1879. Before long, their rice enterprises could be expanded widely within the Chinese community. Well-versed merchants who became wealthy as authorized tax collectors got involved in an intensive joint-venture investment and fostering a close connection with the new generation of Chinese merchants who owned thriving business in the rice market in Swatow, Hong Kong and Singapore, which were compulsory if they were to successfully compete with western businessmen. As it turned out, the Chinese managed to have an integrated control on Thailand's rice trade components ranging from buying paddy from rice farmers to milling and exporting.
It took the Chinese hardly two decades before they knew all the Ins and outs of the business to be able to run the first rice mills of their own in 1879. Before long, their rice enterprises could be expanded widely within the Chinese community. Well-versed merchants who became wealthy as authorized tax collectors got involved in an intensive joint-venture investment and fostering a close connection with the new generation of Chinese merchants who owned thriving business in the rice market in Swatow, Hong Kong and Singapore, which were compulsory if they were to successfully compete with western businessmen. As it turned out, the Chinese managed to have an integrated control on Thailand's rice trade components ranging from buying paddy from rice farmers to milling and exporting.
The Bangkok Chinese foreign Trade Association was originated by collaborating rice exporters operating in Songwat Road area
The Bank of Chao Phraya River near Songwat Road
A Chinese hand rice mill
Landing of rice at boat quay in Singapore
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