Chinese company might cancel rice purchase contract made with Thailand

Rice field in northern Thailand

Rice field in northern Thailand. Photo: Wikimedia Commons.

BANGKOK, 31 January 2014 (NNT) – Commerce Minister Niwatthamrong Boonsongpaisal has told the press that the Thai government’s Chinese trade partner is concerned about its rice trade with Thailand and might call off the rice deal after the National Anti-Corruption Commission (NACC) launched a probe into the rice pledging scheme.

The minister on Friday said the Pei Ta Hwang company, Thailand’s Government-to-Government trade partner in the rice support program, was concerned that its one-million-ton rice purchase contract with the Thai government might later cause problems. He concluded that the company’s tendency to cancel the contract was mainly due to the investigation into the program by the NACC.

Read more: NNT

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