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Thailand's Half-Baked Rice Plan
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Thailand's Half-Baked Rice Plan

John Berthelsen's avatar
John Berthelsen
Sep 21, 2011
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Asia Sentinel
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Thailand's Half-Baked Rice Plan
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The Thai government’s plan to fulfill a populist campaign pledge by subsidizing rice could leave it holding vast stocks of rice with nowhere to sell it, economists say. At some point, Thailand may be forced to dump the excess at a loss on the open market.

Despite a 26 percent spike in prices as a result of a promise to buy rice from farmers at a steep pr…

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