Bangkok (VNA) –Thailand’s government has announced a plan to organise the second rice auctionin 2017 with a total volume of up to 1.82 million tonnes.
Interested buyers couldexamine the rice’s quality before bidding on May 24. The result of the auctionis scheduled to be announced in the first week of June.
The auction is expectedto attract many businesses as it is the final batch of rice put for sale thisyear, said Duangporn Rodphaya, Director General of the Ministry ofCommerce’s Department of Foreign Trade.
To date, the Thaigovernment has stocked 4.82 million tonnes of rice, much lower than the volumeof 18.7 million tonnes between 2011-2014.
A total of 11.7 milliontonnes of rice was sold by auction for 112 billion THB from May 2014 to midApril 2017.
In the first fivemonths of this year, Thailand exported 4.1 million tonnes of rice, up 9percent, earning 1.74 billion USD, up 6 percent against 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.
Thailand plans to sell its entire rice stockpile of 8.01 million tonnes in the first half of 2017, starting with the auction of 2.87 million tonnes of high-quality rice on February 16.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
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A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
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The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
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ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Source: AFP/VNA)
