Under the government plan to return to a rice mortgage subsidy program, the former deputy prime minister Mr Devakula has warned the present government that it could cause a return to the loophole ridden problems of the past. The threat of taxpayers being hit with a 250 billion baht (€5.95 billion) bill and the program could also lose Thailand its status as the worlds top rice exporter. Both unhusked or white rice would be 15,000 baht (€356.882) per ton and jasmine at 20,000 baht (€475.843) per ton. The prices are about 5000 baht (€118.961) over the market value, the Yingluck Shinawatra government plan on launching the rice mortgage subsidy program next month. Read more ...
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