Boonsong pins rice deal woes on baht | Bangkok Post: news

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Boonsong pins rice deal woes on baht

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Commerce Minister Boonsong Teriyapirom has blamed the soaring baht for hampering government-to-government (G-to-G) rice export deals. 

Mr Boonsong said on Tuesday the Yingluck administration is negotiating with the governments of China, South Korea and African nations to sell rice to them, but baht strength has affected proceedings.

Rising Thai rice prices have hindered the government's efforts to reduce stockpiles, he said, adding that deals will be even harder to negotiate if the baht keeps appreciating.

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