Thailand has been negotiating with many countries to sell some of its rice stocks, and the deal might be concluded within this year, according to the Thai Ministry of Commerce.
The National News Bureau of Thailand (NNT) quoted Commerce Minister Niwatthamrong Boonsongpaisarn as saying Thailand has been in talks with the Philippines and Indonesia in a bid to sell its rice.
Niwatthamrong said though his country has as much as 16 million tonnes of rice sitting in warehouses nationwide, only a small amount of rice needs to be sold.
Half of the stockpiled rice has been committed to other governments, while another five million tonnes comes from the latest rice buying scheme.
Meanwhile, there is a high possibility that Thailand would sell rice to Indonesia because the country is in need of as much as 600,000 tonnes of rice, said the foreign trade department's director-general Surasak Riangkreau.
Thailand is also in the process of selling 250,000 tonnes of rice to Iran.-VNA
The National News Bureau of Thailand (NNT) quoted Commerce Minister Niwatthamrong Boonsongpaisarn as saying Thailand has been in talks with the Philippines and Indonesia in a bid to sell its rice.
Niwatthamrong said though his country has as much as 16 million tonnes of rice sitting in warehouses nationwide, only a small amount of rice needs to be sold.
Half of the stockpiled rice has been committed to other governments, while another five million tonnes comes from the latest rice buying scheme.
Meanwhile, there is a high possibility that Thailand would sell rice to Indonesia because the country is in need of as much as 600,000 tonnes of rice, said the foreign trade department's director-general Surasak Riangkreau.
Thailand is also in the process of selling 250,000 tonnes of rice to Iran.-VNA
