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Hiking of rice price by Thailand, Vietnam ‘impossible’

FILE PHOTO: A man loads a truck at a rice plant in Chainat province, Dec 16, 2015. (Reuters)

A pact between Thailand and Vietnam to raise rice prices would be “impossible”, a top industry official said on Monday, in another sign of opposition to a government-proposed plan for a rice cartel amid a global food crisis.

The government said on Friday it planned with Vietnam to create a pact between the world’s second- and third-largest rice exporters to boost their bargaining power and help mitigate rising production costs.

Vietnam has yet to confirm such a plan was being discussed.

Chookiat Ophaswongse, honorary president of the Rice Exporters Association, said his body had not been consulted, and the idea was poorly thought…

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