Thursday, June 2, 2011

Thailand Political Rice

http://www.bloomberg.com/news/2011-06-01/thai-rice-prices-seen-rising-50-as-thaksin-seeks-rural-votes.html

Yingluck Shinawatra's Pheu Thai party plans to reinstate a policy introduced by her brother, fugitive former leader Thaksin Shinawatra, to buy unmilled rice at 15,000 baht ($496) per metric ton, twice the current level. That would raise costs for exporters and boost the price of shipments to about $750 per ton from $500, according to a survey of eight millers and traders.

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