China will definitely purchase 1.2 million tons of white rice from the Thai government’s stockpile at a good price within the next two weeks, according to the commerce minister. The buyer, Beidahuang, a state-owned enterprise, is also interested in buying 200,000 tons of rubber, Deputy Prime Minister and Commerce Minister Niwatthamrong Bunsongphaisan said on Monday. He said the contract for the deal is being drafted after negotiations in China’s Heilongjiang province…Full-text article: Bangkok Post Sep 2013

Key point

  • According to an opposition political leader, the rice deal has already been rejected by China and will not occur

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