Thailand's government acknowledges $4.4B loss from controversial rice price support scheme

  • Updated: June 18, 2013 - 8:05 AM

BANGKOK — Thailand's government on Tuesday acknowledged losing more than $4.46 billion in one year in a much-criticized scheme to support rice prices that ended up dislodging the country from its spot as the grain's top exporter. The program is likely to be amended to reduce the losses, the commerce minister said.

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