Moreover, the state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) has refused to use its own liquidity to advance money to farmers without the National Rice Policy Committee's approval...
The bank also said recently it has a mere 22 billion baht on hand until the end of 2013 to pay farmers who pledged rice for the current main crop, making an extra 51 billion baht necessary to fund the...
Since the main crop began in October, about 5.5 million tonnes of paddy worth 90 billion baht has been pledged. The main crop runs to the end of February.
Please credit and share this article with others using this link:http://www.bangkokpost.com/breakingnews/385199/thai-rice-struggles-to-find-buyers. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.
Please credit and share this article with others using this link:http://www.bangkokpost.com/breakingnews/385199/thai-rice-struggles-to-find-buyers. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.
Please credit and share this article with others using this link:http://www.bangkokpost.com/breakingnews/385199/thai-rice-struggles-to-find-buyers. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.This is regarded as a holiday period," he said. "We expect rice trading will become more active from next February."