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USDA: Thai Rice Export Prices Rise
20 February 2012
THAILAND - Export prices increased approximately 1.0 percent due to concerns over the strengthening of the Thai baht and the temporary purchases of parboiled rice from African buyers.
The National Rice Policy Committee has finalized the off-season crop Paddy Pledging Program and will keep intervention prices unchanged at 15,000 baht/MT ($492/MT) which is around 45 per cent above the current market prices.
However, the amount of rice that can be pledged will be limited to a value of 500,000 baht/farm household ($17,000) or 33.3 MT/household.
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February 2012
TheCropSite News Desk
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