You tried to make Thailand by itself control the world rice price. Thailand is no Opec.We saw
how India backfired. Maybe, next time you should include more top rice producing countries as
Opec to control the Rice price.
And of course, never forget the corruption in Thailand is so deep. Millions made from people on
Top, all the way to Myanmar where truck loads of rice was moved to Thailand and they were
just happy to get double price for their rice.
Thailand’s Finance Ministry has estimated losses from the abandoned rice pledging scheme at
around 500 billion baht (around $15 billion). Thailand’s annual GDP is about $3 cR&