date:Jul 26, 2013
Indonesia's state food procurement body Bulog has built up rice stocks of nearly three million tonnes, the CEO said on Thursday, reducing the likelihood that Southeast Asia's largest economy will import the staple grain this year.
The large stocks and possible lack of Indonesian imports will not be welcome news in Thailand, where the government is targeting to sell up to 1.5 million tonnes of rice each month for the rest of the year. Thailand needs to cut losses from a price-support scheme and