Thailand auctions more rice

Friday, April 26, 2024 - 16:25:02

The Thai Ministry of Commerce was set to auction over 500,000 tonnes of pledged rice on March 10 in a bid to secure funds to pay back farmers in the rice-pledging scheme.

The rice stock includes 5 percent white rice and 100 percent jasmine rice.

The ministry earlier said that it plans to auction more than one million tonnes of milled rice this month. The one million plus tonnes target includes over 516,000 tonnes to be auctioned through the Agricultural Futures Exchange of Thailand.

Networks of farmers from rice-growing provinces meanwhile continue to stay at the ministry compound. The number of protesters began to drop recently as many needed to return home for the annual planting season.

Rice growers will re-group again on March 12 and will hold discussions on their next move against the government.-VNA

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