Some 350,000 tons of rice under the government’s rice pledging program will be auctioned on July 29, 2013, and private companies are invited to tender their bids on July 26.
According to Commerce Minister Niwatthamrong Boonsongpaisan, the Department of Foreign Trade will soon hold an auction for the first lot of rice under the rice pledging scheme. He said up to 350,000 tons of rice have been approved to go on auction, divided into 150,000 tons of 5% rice for export and 200,000 tons of broken-milled rice, for both export and domestic consumption.
Private companies can submit their offers on July 26, while the auction day is scheduled for July 29. The Minister also said the result is expected within the same day. The rice to be auctioned includes the produce from both the 2012 annual production season and the second rice farming.