China to buy first 100,000 tons of rice via G2G deal with Thai govt

[webfact]

China to buy first 100,000 tons of rice via G2G deal with Thai govt

  

BANGKOK, 12 October 2016 (NNT) - Commerce Minister Apiradee Tantaraporn said China already agreed to buy 100,000 tons of Thai rice via a government-to-government (G2G) deal. 

According to the Commerce Minister, the Thai government struck a G2G deal with China last year. Under the agreement, China will purchase a total of 1 million tons of rice from Thailand. Ten purchases will be made by the Chinese government and each purchase will be 100,000 tons. 

The G2G rice deal requires both countries to settle on the selling price before each purchase. The Chinese government agreed to buy the first batch of 100,000 tons earlier this week. The rice is scheduled to be imported to China no later than next month. 

Mrs. Apiradee said she was pleased with the prices of rice sold to China which were reasonable compared to prices of rice in other rice-exporting countries namely Vietnam and Pakistan. She added prices of unrefined rice grains in Thailand are expected to rise as demand from overseas increases. 

Marketing and public relations plans have also been put in place to boost rice exports especially at the beginning of the growing season. Thailand is expected to send representatives to countries including ASEAN, China, Singapore and Germany to name a few to promote Thai rice. 

Another G2G deal with the Philippines is also expected to take place at the end of this year. Mrs. Apiradee is confident that Thailand will be able to achieve its rice export goal of 9.5 million tons this year.

 

-- nnt 2016-10-12

[Srikcir]

2 hours ago, webfact said:

Thai government struck a G2G deal with China l

How do we know this is not a fake deal?

[yellowboat]

A certain general better be nice to the rice farmers. 

[elgordo38]

3 hours ago, webfact said:

She added prices of unrefined rice grains in Thailand are expected to rise as demand from overseas increases. 

Thailand the land of fakes and fortune tellers. 

[elgordo38]

Thailand sends them rice and China sends what back? Money really great!! I thought for a moment with the G2G bit it might be a down payment on the subs. 

[klauskunkel]

A real deal with real governments on real rice..., it's surreal 

[Brer Fox]

Good luck to the Chinese in eventually getting possession of their rice. I recall the last time Thailand sold their rice in auction lots some problems arose:

a. They could not find it in the store.

b. It had gone rotten.

c. It was not to specification.

[Thailand]

5 minutes ago, Brer Fox said:

Good luck to the Chinese in eventually getting possession of their rice. I recall the last time Thailand sold their rice in auction lots some problems arose:

a. They could not find it in the store.

b. It had gone rotten.

c. It was not to specification.

Obviously it's virtual rice!

[waldroj]

"...Apiradee is confident that Thailand will be able to achieve its rice export goal of 9.5 million tons this year...".

 

And what is the basis for this confidence, and what will she do if the goal is unrealised? 

 

Accountability (or the lack thereof) is endemic amongst the "movers and shakers" of this country. As is scruples and ethics. 

[Chris Lawrence]

Does it come from the stockpile? What's it worth in $'s.

[rijb]

Why don't the Chinese eat it here?  They wouldn't have to pay for delivery.

[overherebc]

51 minutes ago, rijb said:

Why don't the Chinese eat it here?  They wouldn't have to pay for delivery.

 

Rice for a zero dollar tour sort of deal?

[Baerboxer]

22 hours ago, Srikcir said:

How do we know this is not a fake deal?

 

Maybe because they will release all the details.

 

Unlike PTP who claimed all G2G deals were "state secrets" at the buyers' requests. 555!

[billd766]

21 hours ago, Brer Fox said:

Good luck to the Chinese in eventually getting possession of their rice. I recall the last time Thailand sold their rice in auction lots some problems arose:

a. They could not find it in the store.

b. It had gone rotten.

c. It was not to specification.

 

Different government this time.

 

[Srikcir]

22 minutes ago, Baerboxer said:

PTP who claimed all G2G deals were "state secrets" at the buyers' requests

Not a very well kept secret:

 

The agreement was signed by Foreign Trade Department director-general Surasak Riangkrul and a representative of China's Great Northern Wilderness rice industry group . (photo by Tawatchai Khemgumnerd). The prices the government got from the deals with Beijing Great Northern Wilderness Rice Industry, a subsidiary of the state-owned Beidahuang Group, were based on global prices. Article published November 20, 2013 titled "China buys 1.2 million tonnes of Thai rice" - mention of news publisher in TV prohibited.