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Fri, 30/07/2010 - 1:08 am.
Thailand offers to sell 1-M T rice: Yap Reuters

29-101.jpgMANILA, Philippines - Thailand, the world's biggest rice exporter, has offered to sell up to 1 million tons of rice to the Philippines, the largest buyer, in a government-to-government arrangement, Manila's agriculture minister said on Tuesday. Arthur Yap said the offer is on top of a Philippine proposal to buy only 370,000 tons tariff-free rice annually from Thailand in exchange for Manila's refusal to cut rice import duty fully under a regional trade agreement.

"That's what's on the table right now," Yap told reporters about Thailand's offer.

Reuters
 
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