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All private companies allowed for C-Grade rice auctions

BANGKOK, 22 July 2015 (NNT) – The Minister of Commerce announced that all companies are allowed to bid in the C-Grade in-stock rice auction, and has appointed the Permanent-Secretary to inspect the government’s rice warehouses on Wednesday.

The Minister of Commerce Gen Chatchai Sarikulya has revealed that the government’s auction on C-Grade in-stock rice will be open to all private companies, including traders and millers. He added that the regulation and agreements for private participation have already been clarified.

He mentioned that the in stock rice must be inspected for fungi, and added that contaminated rice will also be supplied to the industrial sector for energy production of ethanol or biomass, due to the fact that contaminated rice cannot be consumed or used to feed animals.

Meanwhile, the Permanent-Secretary of Commerce Ministry is set to lead the media to inspect the C-Grade rice warehouses on Wednesday.

C-Grade is a category that the rice grain quality has deteriorated.

The Minister of Commerce has added that the price of unmilled rice is poised to rise from the current 10,000 baht, while the Department of Foreign Trade has been ordered to discuss with rice exporters and millers to help push the price of rice and to expanding rice exports during the later half of this year.

Rice exporters of Thailand are set to visit Africa during 25-30 July 2015, to discuss more trade negotiations and cooperations with African rice importers.


-- NNT 2015-07-22

[FangFerang]

I am sure the bidders would never allow the rice to enter the food supply.....

When pigs fly.

[sammygood]

trader & millers?

wait ? was the rice not milled already ?

do they spot a golden opportunity to mix it again with fresh rice & sell it at a premium ?