BANGKOK, 14 February 2014 Another huge stock of rice from the government’s rice subsidy scheme will be distributed this month, with more to be put up for sale in the Agricultural Futures Exchange of Thailand (AFET).
Commerce Minister Niwatthamrong Boonsongpaisarn said the government had received orders for more than 600,000 tons of rice from foreign countries and 400,000 tons more would be sold after the ministry held an auction for the scheme’s rice inventory. The rice was from the 2011/2012 and 2012/2013 crop years, he said.
More 200,000 tons were expected to be sold in the AFET to rice traders, said the minister. He added that the government would be able to sell around one million tons of rice worth 12 billion baht in February alone which was equal to the amount of rice sold last month.
