Thai traders are flocking to Burma to buy up cheap rice with the aim of selling it to a Thai government rice-buying scheme that is supposed to support Thai farmers, the Myanmar Rice Merchants Federation says. "For a long time, Thailand did not buy any rice from Myanmar… But at the beginning of this year, Thai traders started to buy normal rice and broken rice [grains] from Myanmar and transport it across the border," said Ye Min Aung, the federation's secretary.
Burma Profits from Thai Rice Subsidy Scheme
Burma Profits from Thai Rice Subsidy Scheme
Burma Profits from Thai Rice Subsidy Scheme
Thai traders are flocking to Burma to buy up cheap rice with the aim of selling it to a Thai government rice-buying scheme that is supposed to support Thai farmers, the Myanmar Rice Merchants Federation says. "For a long time, Thailand did not buy any rice from Myanmar… But at the beginning of this year, Thai traders started to buy normal rice and broken rice [grains] from Myanmar and transport it across the border," said Ye Min Aung, the federation's secretary.
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.