As quoted by the Commerce Ministry, the government of Thailand is planning to auction about 732,806 tons of stockpiled rice on September 8, 2015. The qualified bidders’ names in this auction will reportedly be announced on September 7, the officials said.
shanti agro adAccording to a statement, this is the sixth auction and tenth one after the military government took over in May 2014 in one year. Further, it has been informed that the government sold around 4.31 million tons of rice raising around 46.3 billion baht (around $1.3 billion) from the first nine auctions.
The sources indicated that the Thai military government is still holding about 14 million tons of stocks accumulated from the rice pledging scheme introduced by the previous government.