In the News (Thailand): Rice pricing to be revised
The government intends to apply new criteria for calculating the reference prices in state rice tenders, particularly for deteriorated rice.
The new pricing plan for deteriorated rice in the state stockpiles would be similar to the method the private sector currently uses, said Yanyong Phuangrach, permanent secretary for the Commerce Ministry.
Private-sector bidders seeking deteriorated rice currently use pricing approaches based mainly on market mechanisms.
