Commerce Ministry holds low-grade rice auction

BANGKOK: - Nine private firms submitted bids to buy about 240,000 tonnes of low-grade rice from 64 state warehouses, which accounted for 67% of the government's stockpiles, Foreign Trade Department director-general Duangporn Rodphaya said on Wednesday.

Ms Duangporn said the bidding was more than 1.531 billion baht.

She said the rice quality in this bidding was better than previous auctions. The rice can be used for industrial use and animal consumption. Many firms would use the rice for animal consumption while others would use it to produce ethanol, she added.

The Ministry of Commerce has auctioned off low-grade rice from the stockpiles for the second time. It was able to offload 21,229 tonnes of rice in the first auction.

The bidding was worth 110 million baht. So far, the government has offloaded 4.69 million tonnes of rice, with sales worth 50.745 billion baht.

-- NNT 2016-02-18

What good is holding an auction when the surveyors are locking and blocking the rice from leaving the warehouses as stated a couple days ago.

Can these firms be trusted that this low grade rice doesn't end up being sold for human consumption ?

They should rename this low grade rice as the 'Yingluck grade rice', and everybody will immediately

will know what this means.....

Edited February 17, 201610 yr by ezzra

The news papers should find out which company or companies, win the bids. I wonder if the rice will be sold in schools !

They should rename this low grade rice as the 'Yingluck grade rice', and everybody will immediately

will know what this means.....

means Red Rice?

Nutty, nutrition-rich and high in fiber. Yingluck to a T.