Thailand to sell rice from stockpiles, may need to slash prices
date:Jul 11, 2013
ed State Department of Agriculture (USDA) said.

Thai officials estimate stocks at 17 million or 18 million tonnes, or almost double the export volumes of a normal year.

It's a good time to start selling stocks, as we see rising demand for several grades of rice, Commerce Minister Niwatthamrong Bunsongphaisan told reporters.

He said the government aimed to sell up to 1 million tonnes of milled rice per month and another 500,000 tonnes of paddy. It also planned to sell an unspecified amount on
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