RICE
Thai-China deal grainy on details
- Published: 21 Nov 2012 at 00.00
- Newspaper section: Business
The government is set to sign a memorandum of understanding (MoU) on rice sales with China today, but the amount to be sold will probably remain vague.According to a Government House source, Commerce Minister Boonsong Teriyapirom yesterday sought cabinet approval of the draft MoU on rice trade between the Thai and Chinese governments without stating the amount of rice or the purchase framework as bargained by China.
The source said Chinese officials see the amount proposed as too high.
Earlier this month, Mr Boonsong said the government would seek a deal to sell 5 million tonnes of rice a year to China from 2013 to 2015.
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