Good for farmers – bad for business: Thais grumble over high price of rice

Thais grumble over high price of rice –, September 13, 2012
…Ever since the government of Prime Minister Yingluck Shinawatra took office, he has been earning 50 percent more than the market would normally pay for every ton of Thailand’s staple food.
“That is really good because now the money comes directly to us and not to the traders,” says Muntimoh.
With its promise, Shinawatra’s Phuea Thai Party has appeased the rural population and turned them into voters. The government currently pays farmers around 12,000 baht, or about 300 euros, for every ton of rice delivered to the mills, and which then lies unsold in government warehouses…

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