Lower rice production from the controlled plantation during the dry season fetches high prices at the current market in Thailand
2016.05.30
The recent drought induced a lower supply of rice for 2016 and has also driven high demand. In the upcoming third rice auction for this year, 51 rice traders had shown their interests, according to the director-general of the Foreign Trade Department of Thailand. The government will open further bidding to release rice from the stockpile before the new crop season.
The recent drought induced a lower supply of rice for 2016 and has also driven high demand. In the upcoming third rice auction for this year, 51 rice traders had shown their interests, according to the director-general of the Foreign Trade Department of Thailand. The government will open further bidding to release rice from the stockpile before the new crop season.
(written by Petchanet pratruangkrai)
Source: http://www.nationmultimedia.com/business/Enormous-interest-in-rice-auction-tomorrow-30286165.html