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."
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