Thailand to sell rice from stockpiles, may need to slash prices
date:Jul 11, 2013
the Agricultural Futures Exchange of Thailand (AFET).

Last year, the Thai government said it had sold 7.3 million tonnes to foreign governments for delivery over several months into this year, but the purported buyers denied the deals and activity at ports did not suggest such large-scale loading.

Traders said the Thai government would have to accept huge losses if it wanted to release stocks to get fresh funding for its intervention programme, which helped win the votes of millions of farmers
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