New commerce minister vows to have monthly rice bids and audits | Bangkok Post: business

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Monthly rice bids, audits promised

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The government plans to call for bids on at least 300,000 tonnes of rice every month, and pledges to disclose all information on government rice sales as well as re-audit controversial loss figures from the pledging scheme. 

Commerce Minister Niwatthamrong Bunsongphaisan said Monday the government intends to dispose of its rice stocks as fast as possible and that rice bids would be processed on a transparent basis. The first is expected to be called by the end of this month.

"The bids may be called two to three times a month for about 200,000 to 300,000 tonnes each," he said. "But the prices should not be below market prices."

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