Thailand Looking At Govt. To Govt. Deals

The Thailand government has decided to sell rice in its stock on the government-to-government basis to countries mostly in Africa and Asia.

According to Thai Finance Minister Surapong Suebwonglee, the pricing under the government-to-government deals would be based on friendship but will not affect domestic prices.

Thailand, the world's biggest rice exporter, tends to hold a large stockpile, the consequence of the domestic price intervention scheme. The stockpile has risen 22% since the start of the latest program launched in June this year to support prices paid to farmers.