November 14, 2012
The cabinet of Thai Prime Minister Yingluck Shinawatra has approved a
plan proposed by the Commerce Ministry to develop a rice trade
partnership with Burma, Cambodia, Laos and Vietnam, according to a
report by The Bangkok Post.
The ministry’s proposal involves the
creation of a rice trade zone with Thailand’s neighbors in order to
stabilize international rice prices, according to deputy government
spokesman Pakdihan Himathongkam. Thailand is the world’s number one
exporter of rice, shipping out as much as 3.7 million tonnes in the
first six months of this year.