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518b baht lost under Yingluck's rice subsidy scheme: finance ministry

BAD MOVE: Thailand's rice stockpiles are estimated at 19.2 million tonnes and the latest government audit found that around 70 per cent of that rice is deteriorating.


A RICE subsidy scheme introduced by Thailand's ousted prime minister Yingluck Shinawatra was found to have lost 518 billion baht (S$20.5 billion), the finance ministry said.

The scheme, which paid farmers above-market rates for their crop, helped bring Yingluck to power in...