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!  

Start your own projects. See our RESOURCES page.
Make connections via our GROUPS 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.


Sustainable Economies Law Center eResources

Did you know that SELC has five free online legal resource libraries?

Weaving the Community Resilience and New Economy Movements in the US

One of the most exciting new economy efforts in the US is the New Economy …

Reimagining Our Streets as Places: From Transit Routes to Community Roots

Streets are our most fundamental shared public spaces, but they are also one …

"When Transition forgets what it's called": the Arts and Social Change

When we started Transition, I imagined it as an environmental process. Now I …

The City as Commons

A commons-based economy cannot thrive without appropriate institutions, …

Don’t Come Back In Until Dinner

Understanding our land begins with engagement, even if it is just a kid …

Farewell, Mr. Spock!

You showed us a future where science was respected by everyone, where logic …