Thailand strives to finish 1 mln tonne rice sale to China
Thai Commerce Minister Apiradi Tantraporn plans to have a working visit to Beijing on May 13 to work with Chinese officials to speed up the sale of 1 million tonnes of rice to China.
Bangkok (VNA) – Thai Commerce Minister Apiradi Tantraporn plans to have a working visit to Beijing on ꧃May 13 to work with Chinese offic꧃ials to speed up the sale of 1 million tonnes of rice to China.
Thailand and China signed a memorandum of understanding (MoU) on providing 1 million tonnes of old and new rice along with 200,000 tonnes of rubber for China in December 2014.
The MoU was part of the high-speed rail plan. Delivery was scheduled for 2016.
After China, the Thai minister will visit South Africa and Mozambique in June to promote rice deals.
Thailand currently has 11.4 million tonnes of rice in its stocks.
According to the Commerce Ministry, Thailand shipped 2.85 million tonnes of rice in the first three months, up 34 percent from the same period last year.-VNA
The Hong Kong Trade and Industry Department imported 49,900 tons of rice from Thailand in the first quarter of 2015, a 48.9 percent increase compared to the same period last year.
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Thailand has dropped to second place in rice export, losing the top position to India, said Chairman of Thailand Rice Exporters Association Charoen Laothammathat on January 27.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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Thai rice sacks (Source: AFP)
