Auctions of rotten rice to begin this month
The Thai government will begin auctioning 2 million tonnes of rotten rice by the end of November, looking to offload stockpiles of the staple grain built up under the rice-pledging programme.
The world’s second biggest rice exporter after India is holding about 13 million tonnes of rice bought at higher-than-market prices to help farmers, a scheme that cost the country hundreds of billions of baht.
