The government is determined to carry on with the populist rice pledging scheme, despite heavy losses and huge stockpiles of unsold rice left in warehouses to the point where there is scarcely any room to store new harvests due to arrive next month.
Prime Minister Yingluck Shinawatra announced on Tuesday that farmers still want the project so the government has to respond to their wishes. However, she said the scheme needs to be implemented transparently, especially the sale of rice from its stockpiles.
The prime minister's promise of transparency in rice sales is welcome. The Commerce Ministry has implemented the scheme over the past year in conditions of near secrecy.
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