The rice pledging scheme may cause a national loss of 500-700 billion baht, offers only short-lived benefits to farmers and is implemented with policy-related corruption which benefits vested interests, a seminar was told Sunday.
Rice stockpiles continue to build, a friendly atmosphere for sweetheart deals among cronies, known as policy corruption. (EPA file photo)
In a discussion on the government's rice pledging scheme in Bangkok Sunday, Vichai Sriprasert, honorary president of the Thai Rice Exporters Association, said he was concerned about the huge loss of rice exports since the government introduced the scheme.
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