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Ajarn Donald‘s insight:

Ms Yingluck backtracked on a plan to lower rice-purchase prices by 20% last month after farmer protests opting to keep them at a maximum of 15,000 baht a tonne. Around 337 billion baht was spent on buying rice in the first year of the program, and 317 billion baht is expected to be spent in the second year, according to BAAC.

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