Thailand and Vietnam have agreed to cooperate in raising the price of rice in the global market, a Thai agricultural official said on Monday.

"This is... the first time Thailand and Vietnam, rice producer and exporter number two and three in the world agreed to cooperate in lifting the price of rice in the global market," Alongkorn Ponlaboot, adviser to Thailand's agriculture and cooperative minister, said after a fresh round of talks with Vietnamese officials.

It was not immediately clear when any price hikes would take effect.

- Reuters