Phase 2 of rubber price-guarantee scheme to cover 1.8 million farmers

By The Nation

 

 

The Rubber Authority of Thailand (RAOT) will on June 9 propose the second phase of a price-guarantee scheme with Bt27 billion in credits to cover 1.8 million rubber farmers.

 

The second phase will run for five months from August to December, and follows a first phase which guaranteed prices for 1.7 million rubber farmers, said RAOT chairman Prapan Boonyakiat.

 

The scheme will support 25 rai of each registered plantation for the second half of the year, paying farmers Bt60 per kilogram of high-quality rubber sheet, Bt57 per kilo of latex (DRC 100%), and Bt23 per kilo of cup lump.

 

The subsidies will be disbursed by the Bank for Agriculture and Agricultural Cooperatives, with 60 per cent going to rubber plantation owners and 40 per cent to rubber tappers.

 

Rubber exports have been hit by a combination of factors. These include the large number of undocumented farmers who are unable to join the price guarantee scheme, the rubber price being dragged down by the falling price of oil, and the Covid-19 crisis which has cut demand.

 

Thus, total export fee revenue at Bt2/kg from October 2019-May 2020 was only Bt4.66 billion, compared to Bt8.11 billion in 2019.

 

Source: https://www.nationthailand.com/news/30389062

 

-- © Copyright The Nation Thailand 2020-06-05

 

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1 hour ago, webfact said:

second phase will run for five months from August to December, and follows a first phase

Well lash me who'd have thought that , 2nd following 1st .. 

Are they looking for a bounce after the phasezz ..

Deja Vu

 

All over again...

 

Credit to Yogi Berra.

 

1.8 million rubber farmers? Or has this figure been inflated for the handouts?

I'm a rubber farmer, and so is my wife!

So am I and my wife and children and their family....

 

What happened to market forces and a capitalist economy? Isn't this similar to what good old Taksin et al was accused of? Pay the farmers more than the value of the commodity? Can only sell at the market rate and lose shed loads of Thai people's cash?