Commerce is not worried that 10 year old rice will cause rice prices to fall.

Nonthaburi, 8 June 'Bhoomtham' is not worried about auctioning 10-year-old rice stale rice, which will cause the price of Thai rice to fall. Because there is only a little Go ahead and open the auction. And wait to see how many people are interested. If there is only one, sell it. The average price is used for negotiation. While the price of palm fruit and other agricultural products has improved, "Thammanat" has been appointed to take care of the area. Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce Revealing the progress of the rice auction in the government's pledging project, which on June 10 will be open to those interested in submitting envelopes requesting to check the qualifications to participate in the auction. He said that he thought that the rice that was auctioned this time since There is a quality check. There is now a greater understanding of this matter. Everyone is comfortable bidding. But there are some people who still ask questions and have endless doubts. Causin g some trepidation and would like to confirm to all rice entrepreneurs that The rice that the ministry sells is quality rice. Can be eaten Every country, whether developed or developing, I think there has been enough discussion about this for the auction. If you believe in things, there shouldn't be any problems. 'I admit that I'm worried about the protests that today's nonsense of not ending the drama will be a problem. This will cause you to not be able to participate in the auction as expected. Normally entering Thailand now the quality is better. We have to see how much the bidders will come for. The bidder must already have a market. What are you thinking of doing? whether it is energy or other production He must have thought about it. I believe that someone will come to bid. But if there isn't, you'll have to ask to see the reality again. It is possible to extend the time to understand more. Or if there are only a few bidders or 1 bidder, we will have to look at the law and see what we can do. There ar e many ways to see the truth first. in order to make the auction possible If there is only one bidder, the envelope will be opened. Negotiate price Because of the committee that has been set up I have a median price in mind as to how much rice of this quality will fetch in a good condition, but I would like to see the situation on the day the bid is submitted first,' Mr. Phumtham said. However, if there is only one person, then they have the power to negotiate the price whether to accept or not. In selling, it depends on the discretion of the committee that if the price of rice lasts this long, the price is around this price. If it is acceptable, they may decide to sell. Because we do everything transparently and have everything available for inspection, we therefore confirm that this rice auction will not affect the price of rice in the market. Because they are part of each other. The price of rice in the market depends on the supply and demand system. And Thai rice is quality rice, whichever market has dem and for it. The rice we are auctioning this time is only 15,000 tons, and it is clear where this lot will go. The total amount of rice in our country is several million tons. I don't think that this will be an issue. As for the price situation of other agricultural products, at this time it is still good. The issue of palm trees is due to being affected by the drought situation, causing the amount of production to decrease, but it is only for a short period of time. Now that the rain has begun to fall, the production will begin to increase. There should not be any problems. The meeting of the National Oil Palm Policy Committee has followed up on the drought situation and has determined measures to support it. Previously, the purchase price had been set to be consistent with the market situation. Do not suppress farmers' prices. At this time, the price of palm fruit has increased to an average of 4.70 baht per kilogram. Business operators are required to submit situation reports to the Ministry of Commerce on a daily basis. However, long-term measures are still being considered in terms of increasing productivity and quality. The Ministry of Industry will be responsible for overseeing and developing production quality. In line with the Ministry of Agriculture and Cooperatives' Must take care of the production volume. At the meeting of the National Oil Palm Policy Committee, Captain Thammanat Phromphao, Minister of Agriculture and Cooperatives, was appointed. Is an administrator in the area, coordinating with all relevant ministries, whether it be the Ministry of Industry, Ministry of Commerce, believing that the situation will be resolved. But if the people Those affected by unfair purchasing can complain to the Ministry of Commerce for further investigation. Source: Thai News Agency