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Home » Rice plan
Thai rice trade is in great danger
Posted in News from Thailand
Tags: Pheu Thai Party, Rice, Rice mortgage system, Rice plan
It has been repeatedly warned: Thailand is pricing itself out of the market with the rice mortgage system reintroduced by the Yingluck government. The program ruins both the domestic and foreign markets and creates a huge and unnecessary burden of debt for the government.
Rice plan becomes a very expensive joke
Taxpayers can expect a 250 billion baht bill as the government reintroduces the much-criticized rice mortgage system. The system could also result in Thailand losing its position as the world's largest rice exporter to Vietnam (which has already taken over the lead in Asia). This says Pridiyathorn Devakula, former Deputy Prime Minister. Next month, the government will launch the system, under which the government will buy up unhusked white rice for a guaranteed price of 15.000 baht per ton…
