The Thailand government's rice stocks reached 18.7 million tons through various rice pledging schemes, which bought rice from farmers at prices 40% above market rates from 2011-14. The Thailand government called this its biggest rice auction to capitalize on higher demand as new supply wanes.
The Thailand government's rice stocks reached 18.7 million tons through various rice pledging schemes, which bought rice from farmers at prices 40% above market rates from 2011-14. The Thailand government called this its biggest rice auction to capitalize on higher demand as new supply wanes.
(written by Phusadee Arunmas)
Source: http://www.bangkokpost.com/business/news/999933/major-state-rice-auction-this-month