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07 Oct 2011 description
report IRIN

BANGKOK, 6 October 2011 (IRIN) - A new paddy-pledging programme in Thailand that has already pushed up the cost of rice globally will go into effect on 7 October, amid uncertainty and scepticism.

The move by the world’s leading exporter has stirred humanitarian concerns far beyond Thailand’s borders, particularly for rice-consuming countries that do not produce much at home. The government plans to pay its farmers more than double the market value for rice.