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(a) Thailand's rice subsidy and state-buying program resulted in a stockpile of 12.8 million tonnes of rice by 2020, or about a third of the

(a) Thailand's rice subsidy and state-buying program resulted in a stockpile of 12.8 million tonnes of rice by 2020, or about a third of the global export market. The program has now ended and Thailand is selling off its stockpile. Who in Thailand and other Asian countries will lose and who will gain from ending the subsidy and state-buying program? (6 Marks)

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