China will definitely purchase 1.2 million tonnes of white rice from the Thai government’s stockpile at a good price within the next two weeks, according to the commerce minister.
The buyer, Beidahuang, a state-owned enterprise, is also interested in buying 200,000 tonnes of rubber, Deputy Prime Minister and Commerce Minister Niwatthamrong Bunsongphaisan said on Monday.
He said the contract for the deal is being drafted after negotiations in China’s Heilongjiang province. He did not reveal the price.
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