Potential rice bidders to inspect quality of Thai govt stock this week

[webfact]

Potential rice bidders to inspect quality of govt stock this week

BANGKOK, 8 June 2015 (NNT) - The Ministry of Commerce is allowing potential rice buyers to inspect the government's stock this week, before the bidding process begins. Government stock rice has been stored in warehouses across 35 provinces.

Those wishing to buy rice from the government stock in the third round of the rice auctions are able to inspect the grains at 153 barns this week.

Potential bidders will be able to submit an application form on June 15 and check whether they have met all the requirements on the following day. Their names will be submitted to the National Rice Policy Committee for further consideration.

Prime Minister General Prayut Chan-o-cha has praised the ministry for attempting to dispense a large lump sum of government rice, which would affect global prices and Thai farmers.

Stock rice will only be released when the ministry is certain that it will not affect the prices of new grains, which are expected to be produced during the rainy season.

The ministry disclosed that there are currently 17 million tons of rice in the government stock. Only around two million tons possess standard quality, while 14 million tons are said to be below standard and 690,000 tons are spoilt.


-- NNT 2015-06-08

[khaowong1]

Take a loss and get on with it

[petermik]

That will put a downer on prices

[h90]

Don't open the door too long...some of the rice may has grown legs and run away.

[casualbiker]

That will put a downer on prices

Whose fault is that. Certainly NOT the current governments!

But they do need to find something to do with the lower grade rice, and urgently!

[h90]

That will put a downer on prices

you can still use it:

Animal feed

Gasohol

Lao Kao

Beer

starch production

just the prices are extreme low

[Srikcir]

"Prime Minister General Prayut Chan-o-cha has praised the ministry for attempting to dispense a large lump sum of government rice, which would affect global prices and Thai farmers."

Why would Prayut praise the minister for causing a decrease in prices that would result by dumping a massive supply of rice on the marketplace?

[h90]

"Prime Minister General Prayut Chan-o-cha has praised the ministry for attempting to dispense a large lump sum of government rice, which would affect global prices and Thai farmers."

Why would Prayut praise the minister for causing a decrease in prices that would result by dumping a massive supply of rice on the marketplace?

I guess something lost in translation.....

Praised him to get rid of the old rice.

It will affect global prices

Second sentenced not connected with the first one.....Than it makes sense.

(how often are mistakes in translation which aren't that obvious?)