ASSESSMENTS
Thailand: Limitations on a Proposed Rice Cartel
May 1, 2008 | 17:08 GMT
MADAREE TOHLALA/AFP/Getty Images
Summary
Thai Prime Minister Samak Sundaravej suggested April 29 that a Mekong rice cartel may take off soon. Myanmar, Vietnam, Laos and Cambodia are to participate in the proposed Organization of Rice Exporting Countries (OREC), which will coordinate a fixed price at which its members will sell rice. But agriculture cartels rarely work, and this would-be cartel does not even include the world’s top producers of the commodity it is meant to control.
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