Traders: Old rice stocks unshippable | Bangkok Post: business

Business > News

Traders: Old rice stocks unshippable

Use grain for ethanol or animal feed

- +

The government is being urged to take the harsh step of ridding itself of old rice stocks, which have long been warehoused, and using them to produce either ethanol or animal feed, as a strenuous attempt to step up exports in the short term is proving futile. 

"The government should not focus solely on accelerating its rice exports to fetch money to pay farmers, as it's impossible to sell 10 million tonnes of rice to raise 100 billion baht to repay farmers," said Korbsook Iamsuri, a former president of the Thai Rice Exporters Association (TREA) and now an honorary president.

"The government should therefore make some decisions on disposing of old rice stocks instead of selling them. This may be emotionally tough to accept, but it's better than doing nothing."

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments