Thai Commerce Ministry confident price of rice to top 15,000 baht

[Bluespunk]

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"Assessments of both domestic and foreign markets have indicated that jasmine rice with a moisture content of under 15% should fetch an acceptable medium price of between 15,000 - 16,000 Baht."

So not offering to buy it at insane prices in some lunatic scheme attempting to control the market price. Soothing words but no pledges.

Still at least this time round no one takes the farmer's rice and then refuses to pay for it.

No one refused to pay farmers for their rice - you know better.

Yingluck was not allowed as an interim government to borrow the funds to pay farmers as per the EC and Constitutional Court. The GSB also refused to loan funds as well as 3rd party banks under pressure from the PDRC. Fortunately for the rice farmers, the military coup abolished the constitution and so was able to borrow the funds to make a payoff.

Nope.

PT had failed to pay their debts long before any of the things you mention came about.

Farmers were not being paid for months before it became illegal to borrow more and more money to finance PT's ridiculous, disastrously unworkable rice scheme.

It had failed horribly and the farmers were the ones left to suffer the consequences of this.

PT betrayed its core support base by taking their only product and not paying for it.

Edited October 16, 2014 by Bluespunk