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Global market awaits cheap Thai rice

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Rice traders on the world market have temporarily paused dealing to wait for the Thai government to sell its stockpile cheap to repay a 20 billion baht loan to finance the rice-pledging scheme, according to an exporter of the grain. 

Chookiat Opahaswongse is warning Thai rice prices will further drop due to tougher competition.

The Election Commission (EC) has approved the caretaker government's plan to disburse 20 billion baht from the Central Fund to pay farmers long-overdue money for pledged rice crops.

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