Thailand seals Iran Rice Deal

By John Lee.

Bangkok Post reports that Thailand has secured a deal to sell rice to Iran for the first time in 10 years, with 50,000-100,000 tonnes of white rice due over the next 1-2 months.

Sombat Chalermwutinan, president of Asia Golden Rice Co, said the company is in the process of asking for cooperation from the Export-Import Bank of Thailand to help handle the payment and settlement system.

In the past, Iran used to import 700,000 to one million tonnes of rice, with about 300,000-500,000 tonnes coming from Thailand.

(Source: Bangkok Post)

(Picture: Tasnim, under Creative Commons licence)

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