Home > News > World
Tuesday February 11, 2014 MYT 1:20:02 PM
Tuesday February 11, 2014 MYT 1:22:09 PM
BANGKOK (Reuters) - The Thai government said on Tuesday it could not renew its controversial rice-buying scheme when it expires at the end of February because it has no authority to do so.
"We are just a caretaker government, which has no power to extend any policy. The rice-buying scheme will end automatically on February 28," Varathep Rattanakorn, a minister in the prime minister's office, told Reuters.
The scheme introduced by Prime Minister Yingluck Shinawatra in 2011 pays farmers way above the market price for their rice, but that has made the grain uncompetitive on world markets. The government has found it difficult to sell and the programme has run into funding problems, leaving many farmers waiting months for payment.
(Reporting by Apornrath Phoonphongphiphat; Editing by Alan Raybould)
Thai corruption body files charges against PM over rice scheme
Four killed in Thai clashes; PM to face charges over rice scheme
Total CEO de Margerie killed in Moscow as jet hits snow plough
Britain sends drones to fly surveillance missions over Syria
Japan PM's woes may not end despite resignations of two ministers
Indonesian president ponders some cabinet picks on anti-graft concern
Oscar Pistorius sentenced to five years' jail for killing girlfriend
Hong Kong leader indicates possible concession ahead of talks
Hong Kong for the pleasure of business travellers
Eye on top spot, Australia fret over selections
Substance in broccoli improves autism symptoms, says study
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)