The Commerce Ministry announces that it will open bidding on 764,000 tons of stockpiled rice, in line with the government pledging program for 2008 and 2009 at an auction scheduled for August 6.
Commerce Minister Porntiwa Nakasai revealed the bidding on the 764,000 tons of seasonal rice supply would take place through the Agricultural Futures Exchange of Thailand, or AFET, on August 6 from 9 am until noon. 300,000 tons of jasmine fragrant rice are being offered while the rest is five-per-cent-white rice.
Interested bidders are invited to inspect the rice stock in person until the end of July.
The rice policy committee decided to release the latest lot of rice after a previous lot of 550,00 tons was approved for export distribution.
The committee has also decided to distribute 600,000 tons of unprocessed rice being kept in government storage. The details of bidding conditions are being finalized and the bidding for unpolished rice is expected to take place soon.
Commerce Minister Porntiwa Nakasai revealed the bidding on the 764,000 tons of seasonal rice supply would take place through the Agricultural Futures Exchange of Thailand, or AFET, on August 6 from 9 am until noon. 300,000 tons of jasmine fragrant rice are being offered while the rest is five-per-cent-white rice.
Interested bidders are invited to inspect the rice stock in person until the end of July.
The rice policy committee decided to release the latest lot of rice after a previous lot of 550,00 tons was approved for export distribution.
The committee has also decided to distribute 600,000 tons of unprocessed rice being kept in government storage. The details of bidding conditions are being finalized and the bidding for unpolished rice is expected to take place soon.
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