TCC takes aim at rice secrecy | Bangkok Post: business

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TCC takes aim at rice secrecy

Private sector urges transparent sales

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Businesses are calling on the state to scrap secret sales of rice stocks and return to the common rice auction that generated much lower losses. 

Isara Vongkusolkit, chairman of the Thai Chamber of Commerce (TCC), yesterday said the government's existing selling practice has proved inefficient.

The government itself recently accepted it posted losses of 136 billion baht from rice pledging during the scheme's first year, as originally reported by a Finance Ministry panel.

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