Phuket’s rice prices set to rise

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Phuket’s rice prices set to rise

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PHUKET: Menus in Phuket and across Thailand will soon be revised with the price of rice set to jump as a result of the Yingluk administrations changes to the rice mortgaging scheme. Pitched as a mechanism to increase rice farmers incomes and spending power, the controversial program first implemented by the Thaksin administration six years ago will offer increased rates on rice for loans to farmers who agree to pledge their yields as collateral.

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Phuket’s rice prices set to rise

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