US challenges Thai rice policy | Bangkok Post: business

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US challenges Thai rice policy

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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.

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