22-11-2012 09:05 AM | China

Thai rice deal with China won’t help cut into its rice stocks

Thailand’s pact with China to sell rice looks more political than any real opportunity to cut into the huge stockpiles of subsidised grain that are pricing the Southeast Asian producer out of the international rice market it has long dominated.

Under the memorandum of understanding, signed during Chinese Premier Wen Jiabao’s visit to Bangkok today, China can import Thai rice if it wants to. But it did not agree any actual sales.
Full Story : The Malaysian Insider