Thai government will open bidding for 330,390 tonnes of rice on October
14 in an effort to promote its rice export in the fourth quarter of this
year.
The Thai Ministry of Commerce said bidders can be both foreign and domestic businesses.
Thai Government plans to bid monthly 1.5 million tones of rice in the
last three months of this year to help fund for the rice pledging
scheme.
The Government has so far sold out 240,000 of
660,000 tonnes of rice offered for bidding in July and August. Biddings
didn’t attract many businesses due to high selling price and low rice
demand.
The Thai Ministry of Commerce also said the
country stockpiled 15 million tonnes of rice including 5 million tonnes
had been signed to sell through intergovernmental group on rice.-VNA