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Iran wants Thai rice with 'impossible' demands
Iran has expressed interest in buying up to 400,000 tonnes of Thai rice but under "almost impossible" terms, and Thai exporters want the government to help them resolve the problem.

Thai Rice Exporters Association chairman Chukiat Opaswong said a group of Thai exporters are negotiating to sell 400,000 tonnes of Thai rice at an asking price of US$320 per tonne, higher than the global average price range of US$310-312.

Thai traders are asking for the higher price because of tough terms by the Iranian buyers--including required quality inspection by Iran, and rigid specifications regarding the product, which adds at least US$10 per tonne cost if suppliers meet the terms.

Iran bargained for a price of US$305 per tonne, an offer Thai exporters find unacceptable.

Mr. Chukiat said the Thais will meet again to collectively negotiate with Iran. If talks fail, the government will be asked to negotiate.

Rachane Pojanasunthorn, Director-General of the Foreign Trade Department, Ministry of Commerce said the export of another 400,000 tonnes of Thai rice following the successful sale of 500,000 tonnes of Thai rice to Iran, now being shipped.

Mr. Rachane said Iran wants to conduct barter trade with Thailand to exchange oil for Thai agricultural commodities.

He will soon lead a delegation of Thai businessmen and investors--including from state-owned energy firm PTT Plc.--on a trade mission to Iran to explore co-operation including an oil for food barter trade transaction with Iran.
MGR Archive 8.5.2006
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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