Thailand to sell rice from stockpiles, may need to slash prices
date:Jul 11, 2013
Thailand plans to start selling rice from government stockpiles next week, offloading up to 1.5 million tonnes a month for the rest of the year, but traders said it would have to slash prices and accept big losses in order to move the grain.

World prices have fallen due to expected bumper crops and high stockpiles and Thai sales would put even more pressure on the market.

Global production could rise 1.9 percent to a record 479.2 million tonnes of milled rice in the next 2013/14 crop, the Unit
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07/10 05:37