3m tonne Manila rice sale proceeds | Bangkok Post: business

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3m tonne Manila rice sale proceeds

Agreement seeks to sell 3 million tonnes

  • Published: | Viewed: 4,599 | Comments: 3
  • Newspaper section: Business
  • Writer: Chatrudee Theparat & Phusadee Arunmas
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In its best bid to step up shedding its rice stocks, the caretaker government is seeking a three-year plan to sell grain to the Philippines. 

The cabinet on Tuesday approved a plan to move on a three-year memorandum of understanding (MoU) to sell 3 million tonnes of white rice to the Philippines from 2014-16.

The MoU will allow the government to be eligible to join the bid to sell rice to the Philippines, which also has similar arrangements with Vietnam and Cambodia under government-to-government (G2G) deals.

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