Date
20 November 2017

Chinese group to continue with Thai rice deal, paper says

Beidahuang Group, a major Chinese farm company, will continue with a deal to buy 1.2 million tons of Thai rice despite a move by Thailand’s anti-corruption agency to launch an investigation into a Thai state rice-buying scheme, the 21st Century Business Herald reported Tuesday. “We will continue with the contract,” a Beidahuang executive was quoted as saying. A Thai media report had earlier quoted the nation’s commerce minister Niwatthamrong Bunsongphaisan as saying that China has canceled the deal amid the investigation. The deal between Thailand and Beidahuang was signed in November, with deliveries due to start the following month. But the shipment was delayed as Thai Prime Minister Yingluck Shinawatra had dissolved the nation’s parliament in December.

– Contact HKEJ at [email protected]

KZ/AC/RC

 

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