Bangkok, Hanoi agree on pooling rice
Ann/ The Nation
Thailand and Vietnam have reached a preliminary agreement on pooling their rice trade to the tune of 2 million tonnes a year, in order to prevent price cutting, Thai Commerce Minister Krirk-krai Jirapet told a press conference on Thursday after meeting with Vietnamese Trade Minister Troung Dinh Tuyen on the sidelines of the Asia-Pacific Economic Cooperation (Apec) ministerial meeting. Krirk-krai said both countries had agreed to set aside 1 million tonnes of rice each for rice-pool trade. Thailand and Vietnam have been discussing for some time a rice-pooling initiative to prevent price-cutting, as the countries are the world's top two biggest rice exporters.
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