date:Jul 26, 2013
year, an agriculture ministry official urged Bulog to scrap rice imports this year, as the annual surplus will likely jump 22 percent to 8.3 million tonnes.
Thailand has built rice inventories of up to 18 million tonnes due to an intervention programme in which it pays above market prices to farmers. The programme was first introduced as a political scheme during an election in 2011.
Thailand is now stepping up efforts to sell rice from its stockpiles in order to get fresh funds for the costly