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Thailand sells 1.2m tons of rice to China

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Staff writer ▼ | November 21, 2013
The Thai government has signed an agreement to export 1.2 million tons of rice to China for delivery in December 2013, according to official sources.
Thailand rice
Thailand riceThe Thai government has signed an agreement to export 1.2 million tons of rice to China for delivery in December 2013, according to official sources.


Local media had cast doubts over the government-to-government deal which was reached in September 2013 during the Commerce Minister's visit to China. Local reports said that there was no official response to the deal from the Chinese side, reports Oryza.

Commerce Minister Boonsong Teriyapirom confirmed the signing of the agreement with two Chinese state enterprises today. He was quoted by Thailand's state media, "China has agreed to buy 1.2 million tons of rice and 90,000 tons of cassava while the delivery of all produce is expected to be completed next month."

The Commerce Minister also said that Thailand is on its way to becoming China's major supplier of agriculture products in the ASEAN region ahead of the region's integration in 2015. However, reports Oryza, the minister did not divulge the export prices or grade of rice in the agreement.

The rice export agreement will boost Thailand's total rice exports this year which stand at around 4.6 million tons during January – September, 2013, down about 30% from the official target of around 8 million tons. Thailand's rice exports are likely to surge in November and December due to low prices as harvest of the main crop peaks and the government releases rice from its stockpile reports Oryza.


 

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