Mr NIWAT bread maintaining its merit and Deputy Prime Minister. Minister of Commerce.
Discussed the progress of the discussions with the Chinese government official said. From discussions with Mr. Zhang Xu, vice chairman of the National Development and Reform Commission of China and by Mr. Lu Tong Fu Chinese Deputy Minister of Transport. And Governor of the State Railway of China, Mr. Yu Jian, deputy head of the international trade in China. Concluded by China to buy 1 million tonnes of rice from Thailand for 1 year by the Prime Minister of Thailand and China have agreed previously.
The rice trading with the China is to accomplish in the three stages. The first stage between Mar 56-Apr 57 Number 5 lakh tonnes during the month of May-Oct 57, Phase 2 and Phase 3 of 3 lakh tonnes. P.i.-t.c. 57 months 2 lakh tonnes of rice to sell to China.
The negotiations will be based on the price of rice in the world market. The government will try to get the best price. To the proceeds from the sale of rice back to the Bank for Agriculture and Agricultural Cooperatives (BAAC).