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Floods Cut Thai Rice Crop

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Thailand may lose a quarter of its main rice crop in the nation s worst flooding in decades, the government estimates, which could boost prices and further squeeze shipments from the world s top exporter, encouraging buyers to seek alternative origins. A rally in the market for Asia s main staple could stoke tensions across a region where several nations are struggling with a double-digit increase in food inflation, although ample global reserves and new supplies in the pipeline are expected to keep buyers calm for now. Reuters



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