Rice auctions save THB93 bn in damage

 

FILE photo

 

BANGKOK, 11th September 2018 (NNT) - The government has concluded its four-years of rice auctions, saying that more than 93 billion baht is saved by having sold all of the rice from the earlier rice-pledging scheme. 

Director-General of the Department of Foreign Trade, Adul Chotinisakorn said today all 17.76 million tons of rice in the government’s warehouses was auctioned off from August 2014 - September 2018. All of the rice auctions were transparent with consideration given to the public interest and effects on the Thai rice production and trade. 

Before the rice auctions, the government was spending as much as 1.8 billion baht a month to store the rice. The rice auctions help the government save more than 93 billion baht in costs such as warehouse rent and storage. 

An account-closing sub-committee chaired by the permanent secretary for finance will reach a conclusion on the damage caused by the rice pledging program of the last government. The program’s loss summary is expected to be announced after 30th September 2018.

 

-- nnt 2018-09-11

More blatant propaganda..

Who dreams up these figures?

Anything just to make the present crowd look good.

58 minutes ago, webfact said:

The rice auctions help the government save more than 93 billion baht in costs such as warehouse rent and storage.

.....that will otherwise be wasted on campaigning.

So the Government is charging itself for storage charges,

for its own warehouses.in one hand, out the other.it will

be interesting to see what the final figures will be on the

losses.

regards worgeordie

4 hours ago, webfact said:

Before the rice auctions, the government was spending as much as 1.8 billion baht a month to store the rice.

So much better now that the government is paying rice farmers directly for them to store rice pledged to the government under Prayut's own granary-pledging scheme.

Didn't a lot of it go rotten,or was eaten by rodents and insects,article on here few years back said as much.

The NCPO lie the numbers are well off. A bit like the referendum farce and they will try it at the polls. This could end badly

Are we actually supposed to believe this garbage?