Going against the grain | Bangkok Post: business

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Going against the grain

New export boss wants to terminate pledging

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It's hard to figure out how much rice the government has officially sold and kept under its pledging plan that started two years ago. That's because all records are kept secret for what the Commerce Ministry calls "business reasons". 

‘The only way to clear up this mess is to end the pledging scheme in order to cut rice supply,’ says Mr Charoen. WALAILAK KEERATIPIPATPONG

The public knows only that the rice pledging scheme has cost the country more than 700 billion baht in budgets so far, with losses projected to exceed 200 billion baht, according to economists.

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