Rice auctions halted to limit supply before the harvest | Bangkok Post: news - News Summed Up

Rice auctions halted to limit supply before the harvest | Bangkok Post: news


(file photo)State rice auctions will be temporarily halted to avoid oversupplying the market ahead of the annual crop harvest beginning in November, the rice committee said on Wednesday. "Rice sales will have to be suspended for now. Thailand's junta has sold more than 5 million tonnes of rice in a series of auctions since taking power in May 2014. Thailand has exported 6.57 million tonnes of rice so far in 2016, the commerce ministry said on Wednesday. It aims to export a total of 9.5 million tonnes of rice this year.


Source: Bangkok Post September 14, 2016 09:45 UTC



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