Tuesday, 1 March 2011
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Thai rice price to surge 13% on demand
BANGKOK: The price of Thai rice, the benchmark for Asia, may climb 13% this year as demand from Indonesia and the Philippines boosts exports and tightens global supply, according to Thailand's Foreign Trade Department. Thai 5% white rice might climb to US$600 a tonne this year, Manat Soiploy, the department's director general, said yesterday. The price has declined 0.9% so far this year, and was
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