New round of rice bidding planned for middle of month

TUESDAY, JUNE 02, 2015
New round of rice bidding planned for middle of month

The Commerce Ministry is set to reopen bidding for about one million tonnes of rice by the middle of this month, having suspended auctions for more than two months since the end of the harvest season, Commerce Minister General Chatchai Sarikalya said Tues

The ministry has decided to reopen bidding in light of expected lower rice supply in the market, while the auction should not affect the market price, thus safeguarding the interests of farmers, he said.