Commerce Ministry may hold fourth rice auction
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With good response to the recent rice bidding and strong demand in the market, the Commerce Ministry is considering holding the fourth round of rice auctions next month.
The aim is to clear out the government’s stockpiles while serving demand amid the low supplies in the market.
Duangporn Rodphaya, director-general of the Foreign Trade Department, said Thursday that the ministry will gradually release rice from its stocks via bidding.
The fourth round is expected to be for possibly about a million tonnes, she said.
