Cambodia Rice: World Rice News: Thailand Rice Exporters Request Immediate Release of Rice Stocks

Thailand Rice Exporters Request Immediate Release of Rice Stocks

Thai rice exporters have urged the government to release rice stocks immediately in transparent bids as their own stocks have declined due to the rice mortgage scheme.

Exporters say that the government rice mortgage scheme has swelled government stockpiles while the rice stocks of local traders and exporters have dipped significantly.

However, it is unlikely that the government will release rice before next month. Yesterday, the Commerce Minister said yesterday that the government is planning to release rice from stockpiles in July, after the phase 2 of the mortgage scheme ends. He also hinted that the government is unaffected by the slump in rice exports because it has struck several government to government deals with several countries.

The Commerce minister revealed that Thailand recently sold 260,000 tons of rice to Côte d'Ivoire and 250,000 tons to Bangladesh, and that Thailand is in talks with the Philippines and Indonesia over rice exports.

Source: Oryza/12June2012

More about Cambodia Rice Exporter, please visit: http://www.cambodiaorganic.com/
Cambodia tours=> http://www.tourismindochina.com/cambodia/tours/
Vietnam tours=> http://www.tourismindochina.com/vietnam/tours/
Laos tours=> http://www.tourismindochina.com/laos/tours/