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That’s a recipe for happy farmers, a key voting bloc. It’s also costing the government more than $12 billion a year — about 4 percent of GDP. The scheme’s architects had hoped dragging so much rice supply out of the market and into silos would ratchet up the global price and allow them to sell their vast stockpile at a premium.
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That’s a recipe for happy farmers, a key voting bloc. It’s also costing the government more than $12 billion a year — about 4 percent of GDP. The scheme’s architects had hoped dragging so much rice supply out of the market and into silos would ratchet up the global price and allow them to sell their vast stockpile at a premium.