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Investing.com -- Thailand is in the process of negotiating with India and Vietnam with the objective of addressing the issue of declining rice prices, according to the Thai commerce minister. These discussions are taking place in the backdrop of growing protests by Thai farmers who are demanding increased support from their government.
The Thai commerce minister, Pichai Naripthaphan, informed the parliament that the country is seeking to lessen competition with India and Vietnam. The ultimate goal is to stabilize rice prices in the global market, which would in turn provide Thai farmers with a steady income.
Naripthaphan stated that while initial discussions have taken place, further meetings are being awaited to determine the extent of possible actions. The outcomes of these talks with India and Vietnam are yet to be seen.
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