Welcome to MT CENTERTRADE Co.,Ltd. Website
EXPERIENCE IN RICE BUSINESS FOR MORE THAN 15 YEARS
FARMING Rice | Standard factory
MARKETING experience in export.

tab_menu_1

enthchina-icon
ENTHCHN

New strategy aimed at selling rice stocks.

A new roadmap will be submitted to the National Rice Policy Committee soon to facilitate and accelerate the disposal of the government's rice stocks.

A committee source said it was expected to be implemented early next year.

"After the nationwide rice stock inspection has finished, authorities are now in the process of classifying rice grades, which is very difficult,'' the source said.

"This is because the state rice stocks in various warehouses nationwide are intermingled and mixed without a proper classification of the type of rice."

The government is estimated to control 18-19 million tonnes of rice accumulated from the rice pledging programme of the previous government.

Deputy Commerce Minister Apiradi Tantraporn said once authorities completed grading of the rice, selling would be easier, as they could sell stocks based on grade.

The government is also committed to selling as much of the rice stocks as possible via government-to-government (G-to-G) contracts, she said, adding that several potential buyers including Hong Kong and Iraq were interested in the rice.

The Foreign Trade Department earlier said the government expected to deliver 900,000 to 1 million tonnes of rice by year-end through G-to-G contracts.

Thailand has so far shipped more than 700,000 tonnes through G-to-G deals, mainly to China, Indonesia and the Philippines.

Talks to sell more rice from state stocks are also under way with several African and Middle East countries.

Commerce Minister Chatchai Sarikulya said the government would also call a new auction to sell rice stocks sometime this month, but the amount to be sold has not been disclosed.

The Commerce Ministry held a third round of state rice auctions for 270,000 tonnes in October, but results are not yet available.

The ministry sold 140,000 tonnes in the first two auctions, raising 1.6 billion baht. After halting rice sales to carry out nationwide inspections, the government resumed sales of 167,000 tonnes on Aug 7.

In the first 10 months, Thailand shipped 8.77 million tonnes of rice, fetching 140 billion baht. Export volume rose by 62.4% year-on-year and value by 27%.

Source:  Bangkok Post

The government is scheduled to put up almost 400,000 tonnes of its rice stocks for the fourth auction on Dec 22. On hand will be mainly broken rice, which is believed to be in strong demand.
15 Dec. 2014
The Ministry of Commerce is proposing to the Cabinet to sell stockpiled rice to nations in Africa and the Middle East...
11 Dec. 2014
The Commerce Ministry plans to accelerate the sale of 17 million tonnes of stockpiled rice and recapture the Thai Hom Mali rice market in Hong Kong by next year...
8 Dec. 2014
In order to reduce the backlog of rice, a few days ago the Thai government decided from July onwards for 3 consecutive months, sales of 4,000,000 stock -500 ten thousand tons of rice this year, total
18 Dec. 2014
May 2013, Wall Street Journal in the report predicted that if the rice in China cadmium pollution problems persist, then the Asian rice exporter in China will continue to significantly increase sa
18 Dec. 2014

明大农业贸易中心有限公司

泰国曼谷汇权区拉差达披色路门牌184/164-165 佛蓝大厦26楼

电话::(662)276 6518

传真::(662)276 1678

电子邮箱: : sale5@mtrgroup.net, mt_rice@hotmail.com

 


logo