Thailand plans not to reserve rice
Thai Prime Minister Prayut Chan-ocha on June 2 said his government will establish assistance funds for farmers, rather than stockpiling rice.
Illustrative image (Source: internet)The Thai PM made the statement at a ceremony honouring outstanding farmers at the Government’s Office on the occasion of the national Farmers’ Day (June 5).
He also called on Thai farmers to change their mindset, focusing on growing high-quality rice.
According to Director of the Foreign Trade Department under the Ministry of Commerce Duangporn Rodphaya, the government will sell 2.24 million tonnes of reserved rice to take advantage of the rising price from falling supply as a result of natural disasters and drought.
Chookiat Ophaswonse, Honorary President of the Thai Rice Exporter Association, said the rice auction will have little effect on the world rice market.-VNA
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