Thailand’s auction of its excess paddy—equivalent to 14 million tonnes of milled rice—through a distress sale every week with it treasury booking huge losses (ranging from $4 billion to $12 billion) is leading to market distortions and is in breach of the WTO norms.
(The Financial Express - India, May 5, 2014)
http://www.financialexpress.com/news/column-tackling-thailand-s-rice-discount/1247093
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