Rice auction cancelled

The Foreign Trade Department has called off its planned auction of 1.03 million tonnes of degraded rice for industrial use.

The cancellation of the 2/2560 rice auction scheduled to be started on July 12 came after the Administrative Court has on June 30 ordering the Foreign Trade Department to suspend the rice auction process temporarily pending final ruling by the court.

The court ordered the temporary suspension after a rice exporting firm, TPK Ethanol, petitioned the Administrative Court accusing the Foreign Trade Department of illegitimately disqualifying it from entering the rice auction.

The Foreign Trade Department has scheduled July 12 for bidders to submit their documents detailing their qualifications and rice export records.

It has also scheduled July 3-7 as dates for a meeting with all bidders to hear details of te degraded rice and the inspection of the rice at government warehouses.

The July 3-7 session was called off today.

Source: Thai Public Broadcasting Service (Thai PBS)