a tonne for broken rice. The third rice auction of this year was held to sell part of 11.4 million tonnes in state stocks that is projected to fetch atleast 100 billion baht. Commerce permanent secretary Chut- ima Bunya praphasara recently said. rice prices were on a rising trend because of lower global supply and the drought, which is expected to batter major rice producers India and Vietnam. Since the May 2014 coup, 5.4 million tonnes ofrice has been sold via 14 auctions (excluding the latest auction), fetching 57.6 billion baht.