China to buy 1m tonnes of Thai rice

MONDAY, AUGUST 10, 2015
China to buy 1m tonnes of Thai rice

Commerce Minister Gen Chatchai Sarikalya announced today that China and Thailand recently reached the government-to-government deal for the transaction of 1 million tonnes of Thai rice.

He said the shipment of the jasmine and white rice would start in December. 
The transaction is based on market prices and it does not involve barter trade, he said.
Thailand also aims to open another negotiation for the sale of additional 1 million tonnes to China during September 13-14.