Weekly rice bids likely on the cards | Bangkok Post: business

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Weekly rice bids likely on the cards

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The Commerce Ministry will probably call bids each week to sell rice including 5% white rice for exports in a move aimed at unloading its huge stockpile. 

But the sales will be considered carefully to avoid an impact on local prices, said Manat Soiploy, director-general of the Foreign Trade Department.

"We've been authorised by the government to gradually sell rice for local consumption and exports until the end of this year," he said.

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