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Government intervention puts Thai Rice exporters in peril

Thailand's world-class rice industry is in a saddened state, millions of tons of rice that no one wants, huge losses for the state budget, farmers more interested in quantity than quality, exporters exiting the trade.

The government won election a year ago by promising to pay farmers double the market level at the time for their rice, a policy designed to help the poor, but one that has backfired by making grain so expensive that virtually no one is buying it.

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