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The state-owned Bank for Agriculture and Agricultural Co-operatives will use 90 billion baht of its own funds and borrow from other banks to help finance the purchase of up to 8 million tonnes of paddy rice over the next two months.
Floods in Asia Will Lift Global Food Prices
About 1.5 million hectares (3.7 million acres) of paddy fields in Thailand, Vietnam, Cambodia and Laos have been damaged or are at risk from the worst floods to hit the region in years, officials say.