Watch VideoPlay Video
Thailand is looking to secure trade deals with a number of countries to release 10 million tons of its central rice stock.
A Foreign Trade Department spokesman said the agency is now holding talks with several countries and will finalize rice trade deals soon. The total volume of rice is likely to range from 8.5 to 10 million tons.
After the negotiations, the department of Foreign Trade will have forward the proposal to the Ministry of Commerce for approval. Thailand exported about 4.8 million tons of rice in the first half of this year.