Exporters to help sell stocked rice
The Thai Rice Exporters Association has stepped in with an offer to help exports of rice held in the government crop pledging stockpile, reports said.
- Published: 12/10/2012 at 02:53 PM
- Newspaper section: breakingnews
The association’s president, Korbsuk Iamsuree, and other executive members on Friday had discussion with Commerce Minister Boonsong Teriyaprom and other senior officials at the ministry.
The meeting agreed that the Ministry of Commerce and the association would work together under the rice pledging scheme to improve the living standards of farmers.
Thai Rice Exporters Association offered to help export the stocked rice, given that it has the markets, adequate export facilities and professionals in the business - all of which would be useful for the government’s scheme
The association was ready to help release the rice in the stockpile from both the 2011-2012 and 2012-1013 harvests.
It was expected that the stocked rice would be effectively and continually released. This would reduce the cost of storing it and help stabilise rice prices.
The Ministry of Commerce agreed to join with the association in promoting the image of the high quality of Thai rice on the world market.
According to the ministry, a total of 5.24 tonnes of rice has been exported from January to Oct 10, with a total value of US$3.55 million.
The average rice price over the period was US$679 per tonne, up 17.68% from the same period last year.
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- Writer: Online Reporters
- Position: Online Reporters