Thai Commerce Minister, General Chatchai Sarikulya has confirmed details of a deal that will see China purchase two million tonnes of rice from the Thai government between 2015 and 2016. The minister said he expects the agreement to be officially concluded on Thursday (March 12) after an agreement was signed during Chinese premier Li Keqiang’s visit to Thailand in December. Already 300,000 tonnes of Thai rice have been shipped. According to the Thai Commerce Ministry, one million tonnes of rice will sourced from the state stockpile while the other one million will be from new output…Full Article: ChannelNewsAsia Mar 2015

Key Point

  • In addition to rice, China agreed to import 200,000 MTs of Thai rubber.

ChinaAg Comments

  • In 2013, China imported 2.5 million MTs of rice (primarily from Vietnam, Thailand, and Pakistan), with 80% of imports entering via the ports of Shenzhen, Huangpu, and Hong Kong.
  • From 2006 to 2011, Thailand was the primary supplier of rice to the China. Starting in 2010, a shift towards Vietnamese imports began to occur and by 2012, Vietnam overtook Thailand as the top supplier to China. Small secondary suppliers of note include Lao, Australia, and Pakistan.
  • Chinese imports of natural rubber steadily increased from 2006 to 2011, with Thailand, Malaysia, Indonesia, Vietnam, and Myanmar as China’s top suppliers. Import volumes surpassed 2 million MTs in 2011 after being relatively stable at 1.6 million to 1.8 million MTs from 2006 to 2010.

Similar Posts by ChinaAg

Spread the word. Share this post!