According to the statement issued by Duangporn Rodphaya, Director-General of the Foreign Trade Department in Thailand , that the government would continue to release rice from the stockpiles in the second half as it foresaw high demand due to drought in many countries, resulting due to lower production. Further, in this matter, it has been revealed that there are still about 10 million tonnes of rice in the government stockpiles, including the 2.24 million tonnes up for auction tomorrow. According to the reports, the government will send officials to South Africa and Mozambique to sell rice under G2G contracts and will gradually consider open bidding for rice during the rest of the year as it has been narrated.
Furthermore, it has also been revealed that the government also plans to sell rice to Indonesia and the Philippines under G2G contracts. Meanwhile, China has asked for a postponement of negotiations to purchase one million tonnes of rice as Chinese officials are not available. Previously, the meeting was set for this coming Friday. However, Chutima Bunyapraphasara, permanent secretary of the Commerce Ministry, explained that China would soon set up a new appointment and continue its plan to purchase rice under a G2G contract at the earliest possible.