date:Jul 11, 2013
and carry it to power in 2011.
Bidding prices are expected to be really low and the government has no choice, except to cut prices, if it really wants to offload the rice, said Rakesh Sodhia of Fortuna International Ltd in Bangkok.
The government has estimated it suffered losses of 136 billion baht ($4.33 billion) from the scheme in 2011/12 but even that was based on getting prices for remaining stocks that now seem wildly unrealistic.
Prices will drop as supply is rising everywhere. India,