Bangkok (VNA) – The first rice auction of 2017 in Thailand has attracted 66bidders bidding over 2.87 million tonnes of rice.
Forty-eightbidders were selected, with the highest price for 2.03 million tonnes of rice reaching18.58 billion THB (530 million USD).
Accordingto the Foreign Trade Department, Hom Mali rice, accounting for 26.1 percent ofthe total amount for auction or 745,236 tonnes, attracted the most interestfrom bidders.
Resultsof the auction will be submitted to the panel handling state rice stocks andthe national rice policy committee for final approval.
Inthe end of January, Thailand shipped 100,000 tonnes of rice to China, the firstbatch of a 1-million-tonne contract between the two governments. Another200,000 tonnes will be exported to China in February.
Todate, Thailand has shipped overseas 1.6 million tonnes of rice for 28.6 billionTHB (815.9 million USD), up 9.9 percent in quantity and 7.4 percent in value compared to the same period last year.-VNA
The Thai Government has agreed to sell 755,000 tonnes of stockpiled rice for 7.2 billion THB (207 million USD) to 11 firms that won the sixth auction in early September.
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Rice sold in Bangkok, Thailand (Photo: AFP/VNA) 
