Thailand seeks new markets for rice in stock
The Thai Ministry of Commerce is considering a quick approach to selling
rice in the government's stock after the baht continues to rise.
The Thai Ministry of Commerce is considering a quick approach to selling
rice in the government's stock after the baht continues to rise.
According to the ministry’s Permanent Secretary Watcharee Vimooktayon, as the currency surge shows no sign of abating, the ministry will be looking for new buyers overseas in an effort to relieve the amount of rice in the government's stock.
Watcharee said the stronger baht has made it difficult to maintain the amount of rice expected to be sold to another foreign government under the G2G scheme. The Ministry of Commerce is now aiming at selling a larger volume of rice as it will be more strategically reasonable to buyers.
More attractive proposals will be adopted to attract new buyers of Thai rice. Among several countries interested in Thai rice at present are those in Africa, said the Permanent Secretary.
The Thai Department of International Trade Promotion is also urging foreign governments that have entered into the G2G agreements with Thailand to quickly follow with their purchase.
The amount of rice to be sold under the latest deal is estimated to be around 7.3 million tonnes.-VNA
According to the ministry’s Permanent Secretary Watcharee Vimooktayon, as the currency surge shows no sign of abating, the ministry will be looking for new buyers overseas in an effort to relieve the amount of rice in the government's stock.
Watcharee said the stronger baht has made it difficult to maintain the amount of rice expected to be sold to another foreign government under the G2G scheme. The Ministry of Commerce is now aiming at selling a larger volume of rice as it will be more strategically reasonable to buyers.
More attractive proposals will be adopted to attract new buyers of Thai rice. Among several countries interested in Thai rice at present are those in Africa, said the Permanent Secretary.
The Thai Department of International Trade Promotion is also urging foreign governments that have entered into the G2G agreements with Thailand to quickly follow with their purchase.
The amount of rice to be sold under the latest deal is estimated to be around 7.3 million tonnes.-VNA
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
World
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
