Markets, not governments, should rule international rice prices: TREA
The Dollar Business Bureau | @TheDollarBiz Rice exporters have won the contest against government intervention and populist policies in Thailand. No wonder, the country notched up two points to fetch the 26th rank in World Bank’s latest Ease of Doing Business (for the year ending May 31, 2014) despite the political turmoil it has seen in the last few years. Interestingly, in the “Trading Across Borders” sub-index, Thailand has dropped three places to 36. And the country’s rice support programme, which was discontinued earlier this year by the caretaker government, could be one of the reasons. The Thai government under Yingluck Shinawatra started the ambitious rice pledging program in 2011 as a part of its electoral promise. Against the ...
