Commerce Ministry cooks up rice-price guarantee criteria

[snoop1130]

Commerce Ministry cooks up rice-price guarantee criteria

By The Nation

 

Wichai Phochanakit

 

The Commerce Ministry’s Department of Internal Trade has set price guarantee criteria for five types of rice for the 2018-2019 growing season and assured farmers they’ll get the money from the Bank for Agriculture and Agricultural Cooperatives promptly.

 

Director-general Wichai Phochanakit said on Thursday (September 26) that the department worked on the criteria with the Rice Price Guarantee Committee for distributing Bt21.4 billion allocated by the Cabinet.

 

“To be eligible for the price guarantee programme, candidates must register as rice farmers in the 2018-2019 growing season before October 31, though farmers in the South have until February 28,” Wichai said.

 

Their rice must be un-milled and of 15 per cent moisture or less, he said.

 

• Hom Mali rice from the Northeast is guaranteed Bt15,000 per tonne up to 14 tonnes per household.

• Hom Mali rice grown elsewhere is guaranteed Bt14,000 up to 16 tonnes.

• Round-shaped rice is guaranteed Bt10,000 up to 30 tonnes.

• Hom Pathum Thani rice is guaranteed Bt11,000 up to 25 tonnes.

• Glutinous rice is guaranteed Bt12,000 up to 16 tonnes.

 

“If farmers grow more than one type of rice, the combined quantity must not exceed the maximum limit for the type with the highest limit,” Wichai explained.

 

He said that the committee would announce reference prices on October 16 and meet every 15 days through October next year to consider possible revisions.

 

“The bank will transfer the compensation to farmers’ accounts directly within three days of the reference prices being announced,” he said. “Each candidate can receive the payment only once throughout the campaign.”

 

Source: https://www.nationthailand.com/news/30376787

 

-- © Copyright The Nation Thailand 2019-09-26

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[PatOngo]

Deja Vu!

[bluesofa]

7 minutes ago, PatOngo said:

Deja Vu!

Isn't that a strain of Hom Mali?

[PatOngo]

1 minute ago, bluesofa said:

Isn't that a strain of Hom Mali?

It's a strain of pledge.

[bluesofa]

2 minutes ago, PatOngo said:

4 minutes ago, bluesofa said:

Isn't that a strain of Hom Mali?

It's a strain of pledge.

Must be clean-tasting

[Cadbury]

45 minutes ago, snoop1130 said:

Commerce Ministry cooks up rice-price guarantee criteria

So what happens to the rice after the government has guaranteed and paid these prices. Does it get put into large sheds like before because the high baht makes it so expensive to prevent it being sold on the export market.

Last month saw a drop in rice exports of 45% Y/Y due to the high baht and other factors. But guaranteed prices will fix this problem? Yes?

Dumbos the lot of them! Gurgler here we come....

[HeyHeyHey]

Rice export is down 44.5% in August

 

You gonna need a BIG pot

[jerojero]

Pledge pledge pledge. Hipocracy hipocracy hipocracy. Unbelievable.

[robblok]

I am again rice schemes always have always will be but this one is better then the previous one in that it has limits on amounts thus helping smaller farmers and not the rich ones.

 

But like others said its just an other scheme that will fail just like YL her scheme failed. Hopefully this one has less corruption in it. Will be hard to beat the YL one corruption wise but this government knows it corruption too so who knows. 

[rkidlad]

13 hours ago, snoop1130 said:

Commerce Ministry cooks up rice-price guarantee criteria

I know they’ve used cook up because it’s about rice, but doesn’t the term ‘cook up’ usually have a negative connotation. As in it’s a plan formulated quickly and dishonestly. 

[hotchilli]

The farmers cannot compete in an open market with other rice producing countries so they beg the government to top-up their incompetent losses. The millers warehouses will be full of over-priced rice which can eventually be sold at a loss into the market... losing money again.
We've been here before but no lessons were learnt!

[Srikcir]

14 hours ago, Cadbury said:

Does it get put into large sheds like before because the high baht makes it so expensive to prevent it being sold on the export market.

As I understand-

Under Prayut's rice pledge scheme, storage of government subsidized rice is the responsibility of the farmer/middle man versus the government as under Yingluck. But the government still incurs the storage cost either directly or indirectly.

[Cadbury]

14 minutes ago, Srikcir said:

As I understand-

Under Prayut's rice pledge scheme, storage of government subsidized rice is the responsibility of the farmer/middle man versus the government as under Yingluck. But the government still incurs the storage cost either directly or indirectly.

So the government picks up the tab for the subsidy as well as the storage cost without getting physically involved with the handling. Given the high baht and the severe drop in exports that could take them off the hook in what could become a never ending search for storage sheds. All the while they continue to hand out the subsidies. 

[TPI]

Really, I just can't look at my friends who are rice farmers in the eye when they ask about this new scheme! Why doesn't the govt. ministers just say, we're stealing X billion of Baht this year, same same every year since the year dot?