Reducing Thailand’s rice mountain - OBG

Reducing Thailand’s rice mountain

The government in Thailand is hailing a recent agreement with China as a significant step towards reducing its extensive rice stockpile. However, critics of the programme, which offers growers a minimum price for their crops, say that the deal with Beijing will put only a dent in Thailand’s so-called rice mountain.
One of the key pillars of Prime Minister Yingluck Shinawatra’s electoral platform when campaigning for the 2011 general election was price support for the millions of rice growers in the country. Under what became known as the “pledging scheme”, the state would guarantee farmers a set minimum price, ... Read more.

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