Thailand is to sell 400,000 tons of rice from its stockpiles to China in a deal that will provide funds to help the government pay farmers who have been protesting in Bangkok because a state rice-buying programm has run out of money. On Feb. 4, China scrapped a deal to buy 1.2 million tons of rice because of an investigation by the National Anti-Corruption Commission (NAAC) into the transparency of various deals between Thailand and China…Full Article: BlackSeaGrain Feb 2014

Key point

  • A Sino-Thai agreement on the 400,000 tons of rice is expected to be signed in March 2014

ChinaAg Comment

  • According to an article published in November 2013, Thailand’s Commerce Minister stated that ~500,000 metric tons of Thai rice will be exported to China from December 2013 to April 2014

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