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Price of rice set to soar

Thailand, the world's biggest producer of rice, has been hit hard by floods with 3.5 million tonnes of rice thought to have been damaged. But even before the floods hit, there was another problem: the government is offering to buy rice at a 50% premium. Their plan is to stockpile the rice to increase the price then to sell the produce at a higher rate to alleviate poverty among farmers.

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