A soldier checks sacks of rice at a warehouse in Ayutthaya province, north of Bangkok July 3, 2014. REUTERS/Chaiwat Subprasom
BANGKOK (Reuters) - Thailand's military government is studying a plan to use rotten rice from state stocks to produce ethanol, hoping to make use of grains that have gone bad and help reduce losses from a costly rice-buying scheme, a senior government official said.
The government is estimated to have lost as much as 400 billion baht (£7.4 billion) in buying and storing 18 million tonnes of rice from farmers at higher-than-market rates in the scheme that started in October 2011 and ran through February this year.
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