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BANGKOK (Reuters) - Thailand, the world's biggest rice exporter, plans to barter rice for oil from Iran, its commerce minister said on Monday.
Iran is one of Thailand's major rice buyers. It buys around 1 million tonnes of rice annually, of which around 600,000 tonnes generally comes from Thailand.
However, it has bought only 60,000 tonnes of Thai rice so far this year, staying on the sidelines during the first half of 2008 when Thai rice surged to a record high of $1,080 per tonne.