BANGKOK, 26 June 2015 – The Commerce Ministry plans the fourth auction of 1.39 million tonnes of both fragrant and white rice in different grades kept in the government stockpiles nationwide, Banjongjit Angsusingh, deputy director-general of the Foreign Trade Department said on Friday.
The grains are from 156 government stockpiles, 107 warehouses under the Public Warehouse Organization and 49 Marketing Organization for Farmers warehouses in 32 provinces across Thailand.
There are fourteen types of rice to be sold this time and 56,000 tonnes of the amount are White Rice 5% and Jasmine Rice 100%.
Banjongjit was confident the fourth auction could draw greater attention from private bidders as the ministry was successful in the latest auction in which 70% of stockpiled rice was sold.
She believed “demand in the rice markets remains high. So the auction comes at the right time and it seems to have no negative impact on the whole rice market”.
