Iran buying 250,000 tonnes of Thai rice

[webfact]

Iran buying 250,000 tonnes of Thai rice
By English News



BANGKOK, July 26 – Iran has agreed to buy 250,000 tonnes of Thai rice under a government-to-government contract, according to Deputy Prime Minister/Commerce Minister Niwatthamrong Boonsongpaisan.

The commerce minister said the agreement was reached during his visit to Iran last week. Both countries approved the government-to-government rice contract and the first batch of 250,000 tonnes of rice will be delivered in October.

He added that Iran wants an additional Thai rice of at least 750,000 tonnes. It is expected that Iran will purchase at least 500,000 tonnes of Thai rice next year.

He said Thailand plans to negotiate rice deals with other countries including China, Malaysia, Indonesia and the Middle East.

Brushing aside concerns over tainted rice, the Thai minister assured Iran that Thai rice is up to standard and rice quality checks are allowed before delivery to ensure quality.

This year, Thailand has so far delivered three million tonnes of rice under government-to-government contracts, the minister added.

Mr Niwatthamrong said Thailand’s rice export target this year remains unchanged at 8.5 million tonnes, although exports of only six million tonnes rice is estimated by commercial rice exporters. (MCOT online news)


-- TNA 2013-07-26

[LuckyLew]

Could not help notice they did not mention at what price?

IMO they are selling at a huge loss

[Pimay1]

This year, Thailand has so far delivered three million tonnes of rice under government-to-government contracts, the minister added.

Interesting statement as the Thai rice exporters recently stated they were unaware of any rice exports. But with the proven total transparency and honesty of this government who am I to question it?

[cloghead]

let them eat cake

[David48]

Notice the subtlety of the fact that no price is stated for this transfer?

Will the 'sale' price be at or above the rice-pledging price? SURE ... big loss of face for the Government is not

When, in reality, the actual price paid will be far, far less ... the difference pocketed as a 'commission? ...

Because we know that the sales price always includes the 'commission'.

.

.

[StefanBBK]

Could not help notice they did not mention at what price?

IMO they are selling at a huge loss

I heard yesterday in the Radio that the price will not be disclosed by wish of Iran.... at some point it surely has to become public record, no?

Sent from my GT-I9100 using Thaivisa Connect Thailand mobile app

[NongKhaiKid]

This year, Thailand has so far delivered three million tonnes of rice under government-to-government contracts, the minister added.

Interesting statement as the Thai rice exporters recently stated they were unaware of any rice exports. But with the proven total transparency and honesty of this government who am I to question it?

Oh yee of little faith, justifiably

[bubblegum]

I remember reading an interview with the biggest rice dealer in India who clearly stated that there was no such thing as government to government transactions

[EvilDrSomkid]

I wonder how Iran will pay for the rice. Iran's central bank has been just about blocked from doing any sort of foreign transfers due to UN sanctions.

Trade rice for oil, maybe?

[jalansanitwong]

The only reason Iran would of bought this tainted rice is because they got a fantastic deal. Whats the selling price? No answer from Thai gov.

I wouldnt be surprised if they arent even paying for it. maybe trading it for oil which the thai polies will sell on to Thai motorists for a huge profit at market prices.

Edited July 26, 2013 by jalansanitwong

[geriatrickid]

Could not help notice they did not mention at what price?

IMO they are selling at a huge loss

No.

It will be bartered for oil. Win win for everyone.

Iran finds a country to take its oil subject to international sanctions (not that this has stopped South Korea or India) and Thailand unloads its rice.

[geriatrickid]

I remember reading an interview with the biggest rice dealer in India who clearly stated that there was no such thing as government to government transactions

So how does India circumvent the international trade embargo on Iran in respect to heavy machinery that has military use?

[Thai at Heart]

I remember reading an interview with the biggest rice dealer in India who clearly stated that there was no such thing as government to government transactions

So how does India circumvent the international trade embargo on Iran in respect to heavy machinery that has military use?

I don't think they are embargoed against importing food.

[LomSak27]

I remember reading an interview with the biggest rice dealer in India who clearly stated that there was no such thing as government to government transactions

Obviously that trader has no clue now does he ???

It will be bartered for oil. Win win for everyone.

Iran finds a country to take its oil subject to international sanctions (not that this has stopped South Korea or India) and Thailand unloads its rice.

[OzMick]

Could not help notice they did not mention at what price?

IMO they are selling at a huge loss

No.

It will be bartered for oil. Win win for everyone.

Iran finds a country to take its oil subject to international sanctions (not that this has stopped South Korea or India) and Thailand unloads its rice.

Oil from Iran - a nice change from terrorist bombers and drug smugglers.

I have to wonder how the pollies will get their sales commission. Not seriously worried though, i'm sure these highly experienced criminals will find a way.

[slapout]

The commissions will be paid in kind, one side picks up a few extra ton of oil, the other a few extra ton of rice,. both inported duty free via government barter contacts. Neith side will monitor what is going out nor coming into port that closely.

[chooka]

This year, Thailand has so far delivered three million tonnes of rice under government-to-government contracts, the minister added.

Interesting statement as the Thai rice exporters recently stated they were unaware of any rice exports. But with the proven total transparency and honesty of this government who am I to question it?

They are always speaking of gov to gov deals but never any evidence that they have actually gone through. Did they announce that they did a deal with China and to have China deny any such deal?

[h90]

Notice the subtlety of the fact that no price is stated for this transfer?

Will the 'sale' price be at or above the rice-pledging price? SURE ... big loss of face for the Government is not

When, in reality, the actual price paid will be far, far less ... the difference pocketed as a 'commission? ...

Because we know that the sales price always includes the 'commission'.

.

.

This government only loose face if they can't pocket some "commission".

[Skywalker69]

Could not help notice they did not mention at what price?

IMO they are selling at a huge loss

17 miljon ton still wating to be sold plus the rice comming in to the sceme. How long will it take to sell it all?

I think they will repack it all, rise the prize and sell it to Thai consumers.

Edited July 26, 2013 by Skywalker69

[Thai at Heart]

Could not help notice they did not mention at what price?

IMO they are selling at a huge loss

17 miljon ton still wating to be sold plus the rice comming in to the sceme. How long will it take to sell it all?

I think they will repack it all, rise the prize and sell it to Thai consumers.

The new crop is coming. You think Thai's willingly want to buy overpriced 2 year old rice? You think anyone does?

Barter with Nortk Korea yet in return for Nuclear Power????

Edited July 26, 2013 by Thai at Heart

[tomross46]

I remember reading an interview with the biggest rice dealer in India who clearly stated that there was no such thing as government to government transactions

So how does India circumvent the international trade embargo on Iran in respect to heavy machinery that has military use?

Just because the EU,USA, Israel and UN put sanctions on Iran, means nothing. It has nothing to with the Non Aligned Nations, made up of India, African, China, Central America and South American countries. If the USA puts sanction on a country which is part of the Non Aligned Countries, the Non Aligned countries will not follow USA.

[MILT]

Could not help notice they did not mention at what price?

IMO they are selling at a huge loss

Nor what kind of rice for example 5% broken parboiled?

There are many grades of rice in Thailand which dictates commodity pricing

[jbrain]

Noticing how many Iranians are caught at the airport with Meth I guess this falls under the Rice for Ice trade agreement ?

Edited July 26, 2013 by jbrain

[patjem]

I wonder how Iran will pay for the rice. Iran's central bank has been just about blocked from doing any sort of foreign transfers due to UN sanctions.

Trade rice for oil, maybe?

Judging by the frequency that Iranians are caught at Suvarnabhumi, the Iranian cartels might have arranged an "ice for rice" deal!

haha

[catmac]

I can think of no better country to have 250,000 tons of putrid rice dumped on it than Iran.

[smedly]

The fact that they have omitted to include the price is typical of this government - either the price is so low that it's embarrassing or someone is getting their pockets filled or both, in any case the exclusion of detail is exactly why this government should resign

[mjef]

It's really a shame for our government to buy huge amount of (probably low quality) rice from Thailand. Iran has an excellent rice. Thai rice has been notorious in Iran for not being delicious and having no scent at all. I'm sure only people who cannot afford Iranian rice will go for it!

[Thai at Heart]

What is the exchange rate between 2 year old mouldy rice and crude oil?

I doubt the rice is strengthening in value much.....

[hellodolly]

Could not help notice they did not mention at what price?

IMO they are selling at a huge loss

I heard yesterday in the Radio that the price will not be disclosed by wish of Iran.... at some point it surely has to become public record, no?

Sent from my GT-I9100 using Thaivisa Connect Thailand mobile app

Possibly Iran does not wish it's people to know how much they paid for tainted rice. I don't think the Ivory Coast told their citizens what they paid for the rice they got that was 20% spoiled.

[hellodolly]

The fact that they have omitted to include the price is typical of this government - either the price is so low that it's embarrassing or someone is getting their pockets filled or both, in any case the exclusion of detail is exactly why this government should resign

Are you suggesting that not all the money they get from the sail will show up on the books?

shocking to think that the Shinawatra clones would let some thing like that happen to the Thailand they love so much.