Thai government told to urgently sell stockpiled rice

Thailand News Breaking News

Thailand News Breaking News. Image: TN.

BANGKOK, Feb 8 – The caretaker government was recommended to urgently release 18 million tonnes of rice from the state stockpiles to secure money to pay farmers.

Att Pisanwanit, Director of the Center for International Trade Studies (ITS) of the University of the Thai Chamber of Commerce (UTCC), said the government should accept losses by selling rice at US$350-400 per tonnes, lower than the price currently offered by Vietnam, to earn about Bt200 billion which should be more than sufficient to pay the current Bt130 billion overdue payments.

Read more: MCOT

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