Thai central bank chairman calls for scrapping of rice policy as stocks mount – brecorder.com, October 3, 2012
The chairman of the Thai central bank urged the government to scrap a politically sensitive and hugely expensive scheme to subsidise rice farmers, saying it was a threat to stability in a country which has faced repeated unrest in recent years…
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the rice scheme is not wise at all
the gov. bought the rice at loss( higher than market) with tax money, so it mean that other thai ( taxi drivers,fisherman,factory workers,sex workers etc)subsidized the price for “rice farmers”
since Thai rice is more expensive ,it cannot sell, the country loss market and the rice will have to come out to market sometime in the future at loss or spoil
in the long run it will hurt the farmers
the idea that if Thailand cut down the amount of rice to the world,the price will go up is childish,there are a few country that will fill the gap, vietnam,india or even USA
Hom Mali is nice to eat but if it too expensive just regular rice are fine to most people