Rice
Thailand’s Commerce Ministry is holding a series of auctions to sell around 5, 00, 000 lakhs tons of rice between August – September 2014, according to local sources. The Government is keen on selling around 5 lakhs tons a month and complete the sale of the existing 18 million rice stocks over the next three years. The Commerce Ministry is targeting to export around 3-4 million tons of rice by the end of this year to meet its export target of around 9 million tons.
Corn
China, a 3 billion dollar importer of American Corn is refusing to buy the same because America insists on including GMO corn in its exports. The Grain Industry of the USA wants Congress to force the Chinese to buy American GMO Corn. . This GMO contains a new version of a gene that protects the corn plant from certain insects. However, this new gene isn’t yet approved in China, and Chinese officials didn’t appreciate it when traces of the new, as-yet-unapproved GMOs started showing up in boatloads of American grain. Crackdown began in November 2013.