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Bt129 bn generated by govt’s sales of bulk of stockpiled rice

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The government has cleared the bulk of the stockpile of more than 18 million tonnes of rice created following the pledging schemes of previous administrations, generating income of around Bt129 billion, according to the Commerce Ministry.

Commerce Minister Apiradi Tantraporn said on Monday that during the past three years, the government had sold a total of 13.89 million tonnes of rice from the stockpiles, generating over Bt129.82 billion for the country.
“The priority now is to clear the remaining stock within this year, so that it reduces pressure for lower rice prices and ensures that the government does not face high losses from stocking the rice,” she added.

Published : June 12, 2017

By : The Nation