Second auction for rotten Thai rice attracts interest from private sector

[webfact]

Second auction for rotten rice attracts interest from private sector



BANGKOK: -- The second government auction for low-quality rice stocks has been met with positive feedback yesterday with the private sector making bids for a total of 240,000 tons worth over 1.5 billion baht.

Sixteen bidders handed in their bids for low-quality rice stocks.

This is the second bidding for these rice stocks and there were altogether 9 high bidders for a total of 240,000 tons of low-quality rice stocks stored in 64 warehouses.

In total, this represents a 67% bid of the 360,000 tons that the government has made available for auction.

Mrs Duangporn Rodpayathi, the director-general of the Department of Foreign Trade, stated that the total value of all the bids together represents an amount in excess of 1.531 billion baht.

She said that the positive response was due to the fact that the current stock of low-quality rice was of a better grade than previous stocks which make them attractive for Ethanol and livestock feed producers.

She estimated that these rice stocks can be sold as feed for around 6 -7 baht/kg while ethanol producers will buy them for around 2 -3 baht/kg.

Source: http://englishnews.thaipbs.or.th/content/151396


-- Thai PBS 2016-02-18

[lovelomsak]

I always thought rice just got drier and drier with time. No moisture no rot. How does tons of rice rot in storage?

[TeaMonkey]

Coming to a food stall near you soon.

[MaeJoMTB]

I always thought rice just got drier and drier with time. No moisture no rot. How does tons of rice rot in storage?

They didn't dry it properly before storing.

But even if mouldy, good enough to make rice whiskey.

[worgeordie]

I always thought rice just got drier and drier with time. No moisture no rot. How does tons of rice rot in storage?

They didn't dry it properly before storing.

But even if mouldy, good enough to make rice whiskey.

Especially if it has a bit Ergot mould in it,they will be bouncing off the walls.

regards Worgeordie

[djjamie]

Lets hope the govt can get a good price for it.

Such a shame they are still cleaning up the mess from this disaster.

[Rayk]

White, wild, arborio, jasmine and basmati rice all have an indefinite shelf life, when kept free from contaminants. The exception: brown rice. Thanks to its higher oil content, it won’t keep nearly as long.Keep it fresh.

[tomyumchai]

i dont expect all the pigeon shit and rats piss does it a lot of good but it adds a kick to the satoo...

[Dumbastheycome]

I always thought rice just got drier and drier with time. No moisture no rot. How does tons of rice rot in storage?

They didn't dry it properly before storing.

But even if mouldy, good enough to make rice whiskey.

Especially if it has a bit Ergot mould in it,they will be bouncing off the walls.

regards Worgeordie

Not sure the ergot would transfer with distillation. But considering the effect Thai whiskey has would probably be insignificant. As agricultural feed it could have more dramtic effect . The Thai version of mad cows? I hate to think!

[Dumbastheycome]

Rotten rice???? If "rotten" could hardly be worth much interest. So accepting the description is a lot overstated. I would say it really means rice of very poor condition/quality. Rotting would imply a need to dig a hole and bury quickly !

[Jonmarleesco]

I always thought rice just got drier and drier with time. No moisture no rot. How does tons of rice rot in storage?

You're kidding. This isn't rice laid out in an even layer in the sunshine; it's piled high inside warehouses, probably dank to start with; and it's been there for, what, three years, four?

[lovelomsak]

I always thought rice just got drier and drier with time. No moisture no rot. How does tons of rice rot in storage?

You're kidding. This isn't rice laid out in an even layer in the sunshine; it's piled high inside warehouses, probably dank to start with; and it's been there for, what, three years, four?

Wow i never even suggested it was laid out for ever. But when it is bought it is graded by moisture level. And stored by grade. I belive nothing comes in that could have enough moisture content to creat mold or rot. The moisture level is so low. Moisture also would have a very hard time penetrating the layers and layers of bagged rice,stacked to the roof in warehouses.The majority is sealed off from air and moisture by the stockpile it self.So nothing should change and if it does at a very slow rate,and on the outside surfaces of the stockpile.

[Travel2003]

Will be bought back again by corrupt state officials.