No extension for cassava subsidy as demand rebounds | Bangkok Post: business

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No extension for cassava subsidy as demand rebounds

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The government will not extend the cassava subsidy for the 2012-13 season, as tapioca prices have recovered amid high demand for its use in alternative energy, especially in China. 

The move is also aimed at preventing unscrupulous traders who have been found hoarding cassava to participate in the government's pledging scheme.

The ruling was reached yesterday by the Tapioca Policy Committee.

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