A 20% cut in the paddy pledging ceiling price is expected to help the government cut losses but it is unlikely to rein in corruption weighing on the scheme, a rice expert says.
The problem with rice-pledging, says the TDRI expert, is not the farmer, but right here, where corruption at the milling and merchant level steals billions from the trade. (Post Today photo)
Nipon Poapongsakorn, distinguished fellow at the Thailand Development Research Institute (TDRI), said the cut can lower losses by about 87 billion baht but it it does not strike the corruption problem at its core.
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