Pledged paddy 28% short of 25m-tonne estimate

Published: 30/10/2011 at 7:30 PM
Category: Production

The Public Warehouse Organisation (PWO) estimates a total of 18 million tonnes of paddy will be pledged under the government’s mortgage programme, 28% short of the projected 25 million tonnes earlier, as floods have damaged a huge amount of paddy.

The Public Warehouse Organisation (PWO) estimates a total of 18 million tonnes of paddy will be pledged under the government's mortgage programme, 28% short of the projected 25 million tonnes earlier, as floods have damaged a huge amount of paddy.

Bangkok Post

The PWO currently has 25 warehouses with a combined capacity to store 2.5 million 100-kilogramme bags, said vice-president Somsak Wongwattanasant.

Its capacity is much lower than the required 210 warehouses. Earlier projections would have required storage at 300 warehouses if 25 million tonnes of unmilled rice entered the scheme.

The PWO, through provincial officers, is in the process of checking the quality of the warehouses that are joining the government’s project.

It predicted that not much paddy would be harvested in November and December, reducing the burden on rice storage during the period and providing the agency with more time to…

Full story from Bangkok Post at http://goo.gl/rfwx0

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