Cambodia Rice News: Thailand Government Selling Rice in Secret Sales, Claim Reports

Thailand Government Selling Rice in Secret Sales, Claim Reports

Local sources in Thailand have accused the government of releasing about 3 million tons between January and June 2012 favoring some private exporters, while keeping the sale a secret as the prices were below the government purchase price.

Sources claimed that about 1.9 million tons of the secret sales were from old stocks, while about 1.1 million tons were released from the last harvest. They say that the average prices that buyers paid the government were around $500 per ton, basis milled.

The reports also say that only a few exporters, who are close to the government, were involved in the secret sale and the exporters were referred by the Prime Minister for possible rice trade in her talks with Indonesian and Malaysian importers. Some exports to Iraq have taken place at “very low prices” with the involvement of Department of Foreign Trade, said the sources.

However, the Commerce Minister refuted such claims, saying that the government has sold rice only in government-to-government deals, and some broken milled rice locally. He added that an investigation is underway to verify reports of the alleged secret sale.

Source: Oryza/25July2012

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