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The National Rice Policy Committee approved a budget of 5 billion baht to buy up to half a million tonnes of paddy to shore up domestic prices that have plunged because of harvests in Vietnam.

The decision came as hundreds of farmers from the central region staged protests in Bangkok demanding the government buy high-moisture paddy at high prices as well as pay compensation of about 3,000 baht a tonne.

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Courtesy: Bangkok Post

2nd April 2011