US challenges Thai rice policy

Published: 10 Nov 2012 at 19.21
Online news: News

The United States will challenge Thailand over what it terms rice subsidies at the World Trade Organization next week, Reuters has reported.

Washington is worried that more rice now in government stockpiles could end up on the world market and depress prices, hurting US exporters.

Under its pledging programme, which pays farmers about 40% more than market prices, the government has effectively become the only rice buyer in the country.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Forum

Your comments

Bangon
Post : 228
Send message

Discussion 3 : 10 Nov 2012 at 19.463
Post this to my Facebook
Wonder whether TS and his government will be able to convince these guys easily...
Gosh, yesterday was a happy day, cause Obama's coming. And today the US points a finger at TS's cheater's tricks, sob, sob, no respect. LOL
Hope we will know more of the truth, from outside Thailand, before the debate takes place...
Like dislike 42 people liked / 2 people disliked this comment
bluebkk
Post : 1,356
Send message

Discussion 2 : 10 Nov 2012 at 19.362
Post this to my Facebook
Wonder which " white lies Thailand will produce at WTO??? Why - for once- do they mot confess the truth....""""The rice scam is forced upon us by our great Fugitive Leader who has a special interest in buying votes and making the Thai taxpayers bleed for it!!!
Like dislike 49 people liked / 4 people disliked this comment
upena
Post : 1,402
Send message

Discussion 1 : 10 Nov 2012 at 19.351
Post this to my Facebook
"While Thailand is in danger of losing its decades-old title as the world's top rice exporter by volume, it should still emerge on top in terms of value, according to Mr Tikhumporn of the Foreign Trade Department."

When will Thailand accept the fact that they lost the #1 rice exporting position to India back in February?
Like dislike 49 people liked / 1 people disliked this comment

First Previous 1 2 3

US challenges Thai rice policy | Bangkok Post: business