BANGKOK, 17 Feb 2015, The Commerce Ministry says the next round of rice auction is scheduled for the end of this month, expecting to sell no less than 1 million tons of rice.
According to Commerce Minister General Chatchai Sarikallaya, the administration managed to sell 496,000 tons out of 999,000 tons of rice during the first round of auction held on January 29th.of this year.
He said one of the bidders, a nominee from the Siam Indica Co.,LTD., had been disqualified from the deal, relinquishing its deal of 400,000 tons of rice. The rice released from the deal will be auctioned off in next round as well.
Earlier the National Anti Corruption Commission discovered that Siam Indica had been involved with a shady government-to-government rice deal.
