Thailand May Sell 7 Million Tons of Rice From State Stockpiles
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Thailand plans to sell as much as 7 million metric tons of rice from inventories to fund a grain purchase program, Commerce Minister Boonsong Teriyapirom said.
The grain from state reserves will be sold to foreign governments and through auctions for domestic use and exports, Boonsong told reporters in Nonthaburi province, outside Bangkok today. Governments of China, South Korea, Nigeria and South Africa have shown interest to buy grain, while the quantity and timing of auctions will depend on prices, he said.