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Thai govt to sell 2.1m tones of rice


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August 1, 2008

Thai govt to sell 2.1m tones of rice
The Thai government has agreed to sell 2.1 million tonnes of rice in its stocks on a government-to-government basis, TNA quoted Finance and Deputy Prime Minister Surapong Suebwonglee as saying Thursday.

Surapong said several African and Asian countries had expressed interest in buying Thai rice in quantity, with prices yet to be negotiated.

Thailand Hote
According to the foreign ministry, the governments of Djibouti and Nigeria had approached the government stating their interest in purchasing Thai rice. Senior Djibouti officials are expected to arrive in Thailand mid-August and the purchase, if agreed, will be conducted on a government-to-government basis.

In 2007, Thailand exported rice worth about US$1.2 billion to African countries. Its major competitors in the African market are India, Pakistan and Vietnam.

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