Wednesday, November 3, 2010

Thai govt agrees to export 50,000 tons of rice to Indonesia

The Commerce Ministry has agreed to sell 50,000 tons of rice at low price to Indonesia, which has been facing both the volcanic and tsunami disasters.

The rice will be sold at a very low price through a Government-to-Government (G2G) agreement. The Thai Commerce Ministry has not selected a private company to handle the task so far, as the agreement has yet to be signed.

Meanwhile, the Fiscal Policy Office Director Naris Chaiyasut said the Office had been assigned to thoroughly study the agricultural insurance program, which was scheduled to be implemented next year to insure losses against drought.


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