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Bangkok Post, Thailand, Business Briefs Column.
May 4--LARGEST RICE TRADER IS BID FRONT-RUNNER: President Agri Trading Co, the country's largest rice exporter, is expected to win bids to handle 1.7 million tonnes of rice in government stocks in tenders called by the government yesterday.
Commerce Minister Watana Muangsook said the company offered the best price from among 20 contenders, and the government would lose only about 100 million baht as a result.
The ministry is attempting to sell almost two million tonnes of rice worth around 15 billion baht, which had been pledged under the 2002-03 and 2003-04 price intervention plans.
Mr Watana said that normally, the government would lose one to two billion baht ...
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