HomeManufacturing & IndustryPurchase of almost all government stockpiled rice sold at auction Is this...

Purchase of almost all government stockpiled rice sold at auction Is this the reason why prices are expected to fall in the future?



It has been learned that almost all of the rice that will be produced this year has been sold in the past three auctions to purchase government stockpiled rice. The stockpiled rice, which is considered to be relatively cheap, was sold at an early stage, indicating that there is a strong view in the industry that the price will fall in the future.



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