Thailand and Vietnam, the world's two biggest rice exporters, will hold talks today on future trade arrangements and the effects from the Thai government's revival of the crop mortgage scheme.
The high pledging prices offered in Thailand have increased Vietnam's prices, even as its export volume is expected to reach a 10-year high of 7.5 million tonnes this year.
"We presume that all roads will lead to Vietnam next year, so are there any measures for [Vietnam] to cool down rice sales if they are too active?" asked Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association.
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