Thai Rice to Flood Global Markets as Subsidy Ends

Millions of tons of Thai rice are set to flood into already oversupplied international markets when the government's controversial subsidy scheme grinds to a halt later this month. The country's caretaker government last week said it did not have the power to renew the program, which has paid farmers in one of the world's top exporters of rice nearly double market rates and is due to expire at month-end. That will force farmers to offload the March harvest into a market...

© La Voix de l'Amérique - mardi 18 février 2014