Financial Times FT.com

Thailand eyes sales of rice

By Tim Johnston in Bangkok

Published: January 22 2009 16:26 | Last updated: January 22 2009 16:26

Thailand, the world’s largest rice exporter, is considering selling up to 5m tonnes from its stockpile – equal to a fifth of the world’s annually traded rice.

The market is worried that such a large disposal could put further downward pressure on prices, which have halved since spiking last year to an all-time high of about $1,100 a tonne.

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