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Thailand set to unload deluge of rice amid glut

Junta leader Prayuth Chan-Ocha is seeking to clear 17.8 million tonnes over 2 years, without sinking the market

A prospective buyer climbs up sacks of rice to collect a sample during a pre-auction rice inspection at the warehouse of the Boonnapa rice mill in Chock Chai, Nakhon Ratchasima province, Thailand; the Thai buying spree from November 2011 to February 2014 filled more than 1,000 warehouses.


IN a government building outside Bangkok, along the murky Chao Phraya River, Thailand's ruling junta is preparing to unload a mountain of rice on an already oversupplied world. And there's more on the way.

The biggest exporter stockpiled 17.8 million tonnes after former...

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