Building a world of
resilient communities.

MAIN LIST

 

Thailand And Iran To Start Barter Trade

BANGKOK (TNA) -- Thailand plans to negotiate a barter trade agreement with Iran in the near future.

Thai Industry Minister, Pinij Jarusombat, will raise the matter on his official visit to Iran next month.

Thailand hopes to export Thai sugar to Iran in return for copper and oil from Tehran, the industry minister told journalists here.

Thailand wants to export one million tons of sugar to Iran, under a government to government deal for mutual benefit.

It is expected that the move could push up the price of the sugar on the world market, as Thailand is one of the world's leading sugar exporters.

The world sugar price has already climbed to US$08.84 a pound, from US$07.00 a pound.

The higher sugar price is partly the result of higher demand from India, which has turned from a major sugar exporting country to a sugar importing country due to a recent drought in the country. India has had to import up to four million tons of sugar this year.

Rising world oil prices have also contributed to the increase in the sugar price, as they have boosted demand for molasses which is used to produce alternative fuels, like ethanol and bio-diesel.

The increased world sugar price is likely to benefit Thailand's sugar exports, Mr. Pinij said.

The minister also urged Thailand's parliamentary sugar cane and sugar committee to expedite measures to expand plantations of high-yield sugar cane and to reduce the cost of sugar production.

Mr. Pinij also proposed the setting up of a model organic fertilizer factory, with a budget of around Bt800-900 billion, which will use sugar cane as its raw material.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


Thousands March in Philadelphia Kicking off Vocal Week of Protests at DNC

More than 10,000 people calling for a “clean energy revolution” …

A Short History of Woven Boats

Such ingenious craft opened up new industries, crafts and food sources for …

Resilient Suburbia

Talented designers and planners have shown us that it’s possible to …

An Intentional Egalitarian Community as a Small-Scale Implementation of Post-Capitalism

It takes systematic work and engagement to build up a reputation that gives …

The Shopping Mall Death Spiral

The shopping mall is the epitome of America's Suburban Experiment.

Creativity in a Quake-Torn City

In the wake of Christchurch’s massive earthquake, a series of social …

Germany Joins Europe's Bike Highway Revolution

Leave it to Germany to build a bicycle autobahn that connect 10 cities …