Thailand To Export More Rice To China

NONTHABURI (Thailand), March 22 (Bernama) -- The Thai government, through the Ministry of Commerce, plans to export additional one million tonnes of Thai rice to China under another government-to-government (G-to-G) deal, reports Thai News Agency (TNA).

Duangporn Rodphaya, Director-General of the ministry's Department of Foreign Trade, told journalists on Monday that a negotiation with the Chinese government on the matter will be held early next month.

Duangporn said Beijing has earlier bought one million tonnes of Thai rice with the last shipment, amounting to 130,000 tonnes, scheduled to be delivered in May 2016.

Currently the Thai government sells Thai rice under the G-to-G basis to China, Indonesia and the Philippines only.

According to the senior official, her ministry, however, planned to sell Thai rice to several other markets namely Hong Kong, Singapore, Iraq, Iran, the Philippines, Africa and the US, in order to meet a target of 9.5 million tonnes of rice exports this year.

The senior official said that Thailand has exported 2.3 million tonnes of rice, worth about 37.33 billion baht, since the beginning of this year until March 17, up 28 and 24 per cent respectively year-on-year.

However, she acknowledged that the relevant authorities planned to launch a rice auction plus donation to reduce a remaining stockpile of some 12 million tonnes of rice at the government's warehouses, with interested agencies having to apply within next month.

-- BERNAMA

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