NFA says no new rice deal with Thailand


Posted at Sep 12 2012 04:45 PM | Updated as of Sep 13 2012 12:45 AM

MANILA - The Philippines has not signed any new rice supply deal with Thailand, but it has an existing agreement with Bangkok for a standby supply of its national staple, the state grains agency National Food Authority (NFA) said on Wednesday. 

Thailand's commerce minister has said it has signed contracts with foreign governments to sell 7.3 million tonnes of rice, including 2 million tonnes for Manila. 

"We have not signed any government-to-government deal with Thailand," NFA Administrator Angelito Banayo told Reuters. "What we have is a supply arrangement with them for 1 million tonnes, which they have committed to sell to us if we need additional supply," Banayo said.  

He said the memorandum of understanding with Thailand was signed in 2011 and is set to expire next year.