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Strategies & Market Trends : Raptor's Den II

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To: CharlieChina who wrote (3224)5/11/2005 7:19:26 PM
From: Tom Swift   of 3432
 
Oxen predict rainy, productive year...again Wed May 11, 1:01 PM ET


BANGKOK (Reuters) - Sacred Thai oxen predicted good fortunes for the coming year on Wednesday with abundant rains and healthy crops, a similar prediction to last year which saw one of the worst droughts in years.

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The ancient plowing ceremony in Buddhist Thailand, overseen by Crown Prince Maha Vajiralongkorn, marks the end of the dry season and is meant to herald an auspicious start for the rice-planting season in a region where many people still depend on agriculture.

In a ritual outside the gilded pagodas of Bangkok's Grand Palace telecast live on television, the oxen plowed a symbolic furrow in the dusty ground then tucked into grass and corn off banana-leaf platters, signifying a bountiful harvest and ample rains.

Offered a range of dishes, the Thai bulls steered clear of alcohol -- which signifies trade and transport -- but also turned up their noses at a plate of rice, the staple diet of the southeast Asian nation's 63 million people.

In a related rite, the plowing chief picked a costume that meant there would be a lot of water this year.

The prediction was similar to last year, but Thailand went on to face a prolonged drought which cut rice production by 11 percent and trimmed economic growth forecasts.
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