Second Auction for Rotten Rice Attracts Interest from Private Sector
(Thai PBS) The second government auction for low-quality rice stocks has been met with positive feedback yesterday with the private sector making bids for a total of 240,000 tons worth over 1.5 billion baht. Sixteen bidders handed in their bids for low-quality rice stocks.
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She said that the positive response was due to the fact that the current stock of low-quality rice was of a better grade than previous stocks which make them attractive for Ethanol and livestock feed producers.
She estimated that these rice stocks can be sold as feed for around 6 -7 baht/kg while ethanol producers will buy them for around 2 -3 baht/kg. READ MORE
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