Thai Prime Minister Prayut Chan-o-cha said the country is determined to sell all the rice in national reserves this year, reported local media on January 17.
Packages of rice in a factory in Bangkok.(Source: AFP/VNA)
Bangkok (VNA) ꦗ– ThaiPrime Minister Prayut Chan-o-cha said the country is determined to sell all therice in national reserves this year, reported local media on January 17.
The government will resume rice auctionsin Q1 of 2017. Since the beginning of the rice selling programme in 2015,national reserves have fell to about eight million tonnes from 18.7 milliontonnes. The Government will devise an auctionplan for rice suitable for human consumption, though detailed schedule has yetto be fixed. Thailand was one of the world’sleading rice exporters in 2016 with 9.63 million tonnes, along with India,Vietnam and Pakistan.-VNA
Thailand’s rice export prospects are brightening with shipments expected at 9.5 – 10 million tonnes next year, according to the Thai Rice Exporters Association.
Thai rice farmers, millers and exporters have agreed to the government's plan to cut rice production in the 2016-17 crop, according to the local website “Bangkokpost.com”.
The Thai government will reduce rice-growing zones throughout the country from 61.74 million rai to 55.8 million rai (8.93 million hectares) to balance supply and demand in the next harvest season.
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Packages of rice in a factory in Bangkok.(Source: AFP/VNA) 
