Thursday, July 31, 2008

Thailand to sell rice to African, Asian nations

BANGKOK, July 31 (TNA) -- The Thai government has agreed to sell 2.1 million tonnes of rice in its stocks on a government-to-government basis, according to Finance and Deputy Prime Minister Surapong Suebwonglee.

Mr. Surapong said several African and Asian countries had expressed interest in buying Thai rice in quantity, with prices yet to be negotiated.

According to the foreign ministry, the governments of Djibouti and Nigeria had approached the government stating their interest in purchasing Thai rice.

Senior Djibouti officials are expected to arrive in Thailand mid-August and the purchase, if agreed, will be conducted on a government-to-government basis.

In 2007, Thailand exported rice worth about US$1.2 billion to African countries. Its major competitors in the African market are India, Pakistan and Vietnam. (TNA)

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