Thailand to auction remaining state stockpiles of rice.

Thailand plans to offer for sale 2 million tonnes of rice still remaining in state stockpiles next month or in May. Thailand’s military government inherited 18.7 million tonnes of rice stocks built up under the previous government’s rice subsidy scheme, and has held several auctions since taking power in May 2014. The last auction was in July 2017. Currently there is constant demand for rice in both domestic and international markets,” said Adul Chotinisakorn, director-general of the commerce ministry’s department of foreign trade. An auction that will be set for next month or May will aim to offload the remaining amount, which includes 40,000 tonnes of rice for human consumption and 2 million tonnes of rice unfit for human or animal consumption and intended for industrial use.