Too Much Rice
Thailand's rice pledging scheme is worrying international producers.
The Thai government has been buying rice at a premium of more than 50 percent over market prices since October 2011.
It has led to a stockpile of 14 million tonnes. Exports dive due to the artificial high price. USA is worried that the stocks will be dumped on the world market.
Mountains of unsold rice have led to overflowing warehouses.
The rice farmer is going to suffer huge consequences next season, when he produces the rice but there is nowhere to store it.
The Thai government has been buying rice at a premium of more than 50 percent over market prices since October 2011.
It has led to a stockpile of 14 million tonnes. Exports dive due to the artificial high price. USA is worried that the stocks will be dumped on the world market.
Mountains of unsold rice have led to overflowing warehouses.
The rice farmer is going to suffer huge consequences next season, when he produces the rice but there is nowhere to store it.
posted by audrey` at
12:00
1 Comments:
I hadn't heard this one. I did knw that rice is one of our larger exports.
..
Post a Comment
Subscribe to Post Comments [Atom]
<< Home