. Energy News .

China agrees to buy from Thai rice mountain
by Staff Writers
Bangkok (AFP) Nov 21, 2012

China pledged Wednesday to buy rice from Thailand's growing mountain of unsold stocks, during a visit by Premier Wen Jiabao, officials said.

The memorandum of understanding, which did not specify the size or value of the exports, was part of an agreement between Wen and his Thai counterpart Yingluck Shinawatra to expand economic ties between the two countries.

"There's no precise timeframe or quantity because China did not want to be specific," said Thai government spokesman Tosaporn Sererak.

As a first step, 10 Chinese companies signed eight contracts to buy a total of 260,000 tonnes of rice, he said.

A controversial scheme introduced by Yingluck to boost farmer incomes has hit the competitiveness of Thai rice shipments.

The kingdom, which is set to lose its rank as the world's top rice exporter this year, produces about 20 million tonnes of the grain annually on average, about half of which is normally sold overseas.

This year, however, exports are expected to reach only about 6.5 million tonnes, according to the US Department of Agriculture.

The government says it is confident it can find buyers on world markets at a price that will raise the living standards of its farmers.

During Wen's visit, Thailand also invited Chinese investors to participate in projects including the Dawei deep sea port being jointly developed with Myanmar as well as in areas such as rubber processing, flood prevention and high-speed rail.


Related Links
Farming Today - Suppliers and Technology

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear


Thanksgiving turkeys in genetic study
Washington (UPI) Nov 20, 2012
The domestic turkeys that will grace Thanksgiving dinner tables across the United States are genetically distinct from their wild ancestors, researchers say. All commercial turkey lines descend from a South Mexican turkey subspecies that is extinct in the wild, but they show less genetic diversity than their forbears, they said. "Ancient turkeys weren't your Butterball," said Rob ... read more

A SPOT 6 Success Story

Satrec Initiative Announces Agreement with Korea Aerospace Research Institute

GOCE's second mission improving gravity map

Astrium's GRAIN service shows US corn yields are lower than expected

Mobile GPS Tracking capability on JCB ruggedized mobile phones

Quattro Group Gains Visibility And Control With Ctrack

Saudi Arabia to Launch Two Satellites

Nokia buys 3D mapping firm in location services push

Preserve the services of mangroves - Earth's invaluable coastal forests

Massive deforestation risks turning Somalia into desert

Myanmar's forests at risk

Inspiration from Mother Nature leads to improved wood

White rot fungus boosts ethanol production from corn stalks, cobs and leaves

Mixing processes could increase the impact of biofuel spills on aquatic environments

14,000 Jobs Possible from Military Biofuels Initiative

Airbus, EADS and ENN make a push for new generation aviation fuels

Silicon Energy Announces Next Gen Solar Photovoltaics

Trina Solar offers certified Building Integrated PV solutions for residential and commercial roofs

Continuation of Arenales solar power plant project secured

Major advance in using sunlight to produce steam without boiling water

Areva commits to Scotland turbine plant

AREVA deploys its industrial plan to produce a 100 percent French wind power technology

Gannets could be affected by offshore energy developments

Scotland approves 85MW Highlands wind farm

US shale gas drives up coal exports

Coal investment in Queensland unlikely

Australian coal projects mega polluters?

Australian coal basin may be top 10 polluter: Greenpeace

China names new leaders for Shanghai, Chongqing

China angst over runaway boys' deaths

Two detained in China for 'inciting unrest' online

Two more Tibetans in China self-immolate: reports

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement