Domestic rice prices in free fall | Bangkok Post: business

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Domestic rice prices in free fall

Payment delays force farmers to sell cheaply

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The government's delay in paying farmers for rice earmarked for the pledging scheme has resulted in declining domestic paddy prices, say traders. 

The average local paddy price is now only 6,500 to 8,000 baht a tonne, far lower than the 15,000 baht offered by the government.

Manat Kitprasert, president of the Thai Rice Mills Association, blames this on two reasons.

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