Delayed reforms and the government's plan to encourage farmers to switch from growing rice to sugar cane will drive up state sugar subsidies, says the Thailand Development Research Institute (TDRI).
Workers load bundles of harvested sugar cane onto a truck in Saraburi province, north of Bangkok, Thailand, on Wednesday, May 9, 2012. (Bloomberg photo)
"The prime minister wants farmers to switch to growing cane, hoping that it will ease the burden on state subsidies, but she does not know that in reality the reform is unlikely to happen this year," said Viroj NaRanong, research director for the think tank's health, economics and agricultural economics programme.
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