Panel to auction 15,000 tonnes of rice from Yingluck era

[snoop1130]

 

A dedicated panel has been established to manage the auction of 15,000 tonnes of rice remaining from the contentious rice-pledging scheme initiated during former Prime Minister Yingluck Shinawatra’s tenure. This announcement came from Commerce Minister Phumtham Wechayachai.

 

The panel is set to draft the terms of reference (ToR) for the auction, with completion expected by the end of this month. The National Rice Policy and Management Committee (NRPMC) has already granted the panel the authority to proceed without further review.

 

Representatives from the Public Warehouse Organisation, the Marketing Organisation for Farmers, the Internal Trade Department, the Foreign Trade Department, and the Thai Chamber of Commerce form the panel. The auction is projected to take place early next month or by the end of June at the latest.

 

Bidders will have the opportunity to inspect the rice quality, adhering to standards defined by the Commerce Ministry, said Phumtham.

 

“The rice is expected to be exported to Africa. We hope the auction will fetch a good price. Revenue from the sale will be returned to state coffers. I am glad the controversy over the rice has ended.”

 

Phumtham previously urged critics to cease devaluing the rice and to focus on other urgent matters, such as the economy. He noted that the Department of Medical Sciences (DMSc) and a private laboratory had inspected the rice and confirmed it was safe for consumption.

 

Earlier this week, the DMSc confirmed that rice samples tested by the Commerce Ministry were indeed safe for consumption. Nonetheless, scepticism persists among critics, who questioned whether the tested samples were genuinely from the two warehouses in Surin where the rice had been stored, reported Bangkok Post.

 

Critics proposed new testing, monitored by media outlets, to ensure transparency and authenticity.

 

By Mitch Connor

Photo courtesy of Bangkok Post

 

Source: The Thaiger 2024-05-24

 

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[Tropicalevo]

I think that wearing a shirt that is covered in $ signs is probably not ideal when presenting a controversial sale.

[ChrisY1]

What happens to this old rice after the auction....does it get packaged and then sold on....is it checked for weevils....is it edible....will it be exported along with the other fine rice from Thailand?

[worgeordie]

1 hour ago, snoop1130 said:

We hope the auction will fetch a good price.

It needs to be ,after paying Godown fees for 10 years would not be cheap ,

Does Rice ,like wine ,whiskey get better with age ....I think not 

 

regards Worgeordie

 

[BangkokReady]

3 hours ago, ChrisY1 said:

What happens to this old rice after the auction....does it get packaged and then sold on....is it checked for weevils....is it edible....will it be exported along with the other fine rice from Thailand?

 

Presumably, if the rice is auctioned, then it will be delivered it to whomever bought it.

[stoner]

i bid 1 submarine slightly used. sold as is. no engine. runs great. down periscope. 

[Geoffggi]

15 hours ago, snoop1130 said:

Earlier this week, the DMSc confirmed that rice samples tested by the Commerce Ministry were indeed safe for consumption. Nonetheless, scepticism persists among critics, who questioned whether the tested samples were genuinely from the two warehouses in Surin where the rice had been stored, reported Bangkok Post.

Looks too much like a disreputable secondhand car salesman for me ................LOL

[hotchilli]

15 hours ago, snoop1130 said:

“The rice is expected to be exported to Africa. We hope the auction will fetch a good price. Revenue from the sale will be returned to state coffers. I am glad the controversy over the rice has ended.”

All's well that ends well... with some money.

[hotchilli]

15 hours ago, Tropicalevo said:

I think that wearing a shirt that is covered in $ signs is probably not ideal when presenting a controversial sale.

The man has no morals.

[watchcat]

Panel to auction 15,000 tonnes of rice from Yingluck era

 

Leyt her eat it.....

[BKKKevin]

The soft power of Thailand becoming the vintage rice hub…

[sherwood]

Nuts.

Any Thai I have mentioned this to already knew about the scam and are still laughing about it.

[Srikcir]

22 hours ago, ChrisY1 said:

is it checked for weevils

yes

22 hours ago, ChrisY1 said:

is it edible

yes

22 hours ago, ChrisY1 said:

will it be exported along with the other fine rice from Thailand

All rice varieties and conditions will likely be uniquely identifiable and separable (ie., bags) as they are sold in Thailand. I expect rice purchases headed to Africa will be consolidated in as few shipments as possible to minimize shipping costs.

[Burma Bill]

On 5/24/2024 at 2:33 PM, snoop1130 said:

the auction of 15,000 tonnes of rice remaining from the contentious rice-pledging scheme

 

Sold to you Sir, 15,000 tons of weevil infested "cr?p!

 

[crazykopite]

No thanks lying in some warehouse for years with rats running all over the place doing there business all over the sacks I’ll give it a miss 

[Guderian]

Will the proceeds go into Thaksin's or Yingluck's bank account?

[billd766]

43 minutes ago, Guderian said:

Will the proceeds go into Thaksin's or Yingluck's bank account?

A quote from the OP in case you missed it.

 

“The rice is expected to be exported to Africa. We hope the auction will fetch a good price. Revenue from the sale will be returned to state coffers. I am glad the controversy over the rice has ended.”

 

I underlined and bolded the relevant part.

[Guderian]

3 hours ago, billd766 said:

A quote from the OP in case you missed it.

 

“The rice is expected to be exported to Africa. We hope the auction will fetch a good price. Revenue from the sale will be returned to state coffers. I am glad the controversy over the rice has ended.”

 

I underlined and bolded the relevant part.

 

Right, that's Thaksin's bank account then! lol

[retarius]

I won't be bidding for 10 year old rice. Human edible rice is cheap enough already. 

[billd766]

10 minutes ago, Guderian said:

 

Right, that's Thaksin's bank account then! lol

Naturally you can prove that. You can prove that, can't you?

[john donson]

do they get a percentage of the sales from this fermented oversprayed poison ?

[LomSak27]

The Army has known where this rice is for ten years. They had their coup then decided, to let the rice rot. Perhaps the famers had already been paid, perhaps PThai or Yingluck could then claim a victory after the fact. Who knows?!

It must be the climate & smiles, as I always underestimate the sheer nasty vindictiveness, so central to Thai culture. It still amazes me after all these years.