Rice scheme will hurt all Thais

First, the high rice price from Thailand will help competing exporters such as Vietnam and India.
Thailand’s rice exports could fall by as much as 20 per cent according to Forbes magazine. http://www.forbes.com/sites/simonmontlake/2011/09/22/thailand-subsidies-and-the-price-of-rice/
Second, since rice is a perishable commodity, the government will be forced to unload its large stockpiles to avoid spoilage before the next harvesting season.
By that time the world will be inundated with rice from other exporters. Thus, Thailand will be compelled to dump its prices even lower in order to penetrate the market.
Third, besides Thai taxpayers having to shoulder up to Bt250 billion in losses from this scheme, Thai consumers will have to buy more expensive rice than the rest of the world – despite the country being the world’s largest rice exporter.
I also agree with MR Pridiyathorn that some Pheu Thai Party  bigwigs are responsible for this scheme.
I don’t know why they had to put the country at such great risk of loss simply for them to win the election.
Chavalit Van
Chiang Mai