Rice stock offer on AFET draws intense interest | Bangkok Post: business

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Rice stock offer on AFET draws intense interest

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In a move aimed at speeding up its rice sales, the government put up 220,000 tonnes of its rice stocks yesterday on the Agricultural Futures Exchange of Thailand (AFET), drawing several interested potential buyers, mostly retailers and wholesalers. 

Interested buyers submit bids to buy rice from the Commerce Ministry yesterday. The ministry’s plan to sell rice it pledged from farmers during the 2011-13 seasons attracted 18 bidders. Kitja Apichonrojarek

Rice sold via AFET for the second time this year would be mainly from the 2013/2014 season, with 5% white rice making up 167,000 tonnes from the state warehouses in Saraburi, Sing Buri and Chai Nat, and the rest Hom Mali rice 100% grade B from warehouses in Phitsanulok, Phayao, Nakhon Ratchasima, Ubon Ratchathani and Chiang Mai.

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