Ministry to release 67m tonnes of rice this year under pledging scheme

FRIDAY, APRIL 05, 2013
Ministry to release 67m tonnes of rice this year under pledging scheme

The Commerce Ministry aims to release another 6 million to 7 million tonnes of rice this year to reduce its stockpiles under its continuing price-pledging policy.

 

As a result, the government is confident that Thailand will not face a loss greater than Bt80 billion under the rice-pledging programme.
Commerce Minister Boonsong Teriyapirom said the planned release of stocks would be for both domestic supply and export under government-to-government (G2G) contracts.
The Nation