date:Jan 20, 2014
-government deal with Manila last month to supply 500,000 tonnes.
This is almost a third below the estimated cost of 22,000 baht ($669) per tonne the government incurred on buying paddy from farmers, milling and storage. At the time, rice prices in the world market were around $400-$420 a tonne.
A spokesman of the National Food Authority (NFA) in the Philippines said Thailand reduced the offer price further to $462 per tonne as it tried to outbid Vietnam, which quoted $462.25, highlighting Ban