Overseas sales of Thai rice next year could suffer as much as a 50-per-cent reduction from this year's expected 10 million tonnes if the new government resumes the pledging scheme without any measures to support the export sector, the Thai Rice Exporters Association warned yesterday.
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Thailand could lose its leadership in rice exports if the Pheu Thai-led government brings back the price-pledging scheme, as in the worst case that would lead to unsold stocks of 8 million to 10 million tonnes, smuggling from neighbouring countries and sourcing cheaper supplies from abroad, the Thai Rice Exporters Association warned yesterday.
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