BANGKOK, 4 August 2014 – The National Council to maintain Peace and Order’s economic chief, has announced that the NCPO will auction off 160,000 tonnes of rice by next week, while the new rice deal with China will allow a two phase delivery of rice to China by this September.
After the talks with China to sell 1 million tonnes of rice through a government-to-government (G-to-G) deal, Thailand has delivered 100,000 tones to China while the rest will be delivered following the revised deal. The deal with China is being revised to ensure that the price, quality and prospects of future sales, are to the benefit of both countries .
The regime will closely monitor and supervise the sales process to ensure transparency and quality of the grain.
The second and subsequent deliveries of 100,000 tonnes of rice will resume from this September.