Thai Government Approves Bt89 Billion Budget for Rice Price Guarantee This Year

[snoop1130]

 

BANGKOK (NNT) - Thailand’s National Rice Policy and Administration Committee on Monday approved a budget of Bt89 billion to guarantee the rice price for this year’s crop.

 

Government spokesman Anucha Burapachaisri said the committee estimates the budget will help 4.69 million rice-farming households. The money will be sent to farmers’ accounts by the Bank for Agriculture and Agricultural Cooperatives from October 15th.

 

To be eligible, rice must have less than 15% moisture, while farmers must be registered with the Department of Agricultural Extension from April 1st to October 31st or June 16th, 2021 to February 28th, 2022 for farmers in the South.

 

According to the scheme, Hom Mali rice, grown in the Northeast region, is guaranteed at Bt15,000 per ton, capped at 14 tons per household, while Hom Mali rice grown elsewhere at Bt14,000 per ton, capped at 16 tons. Short-grained rice is guaranteed at Bt10,000 per ton, capped at 30 tons, Pathum Thani rice at Bt11,000 per ton, capped at 25 tons, and sticky rice at Bt12,000 per ton, capped at 16 tons.

 

-- © Copyright NNT 2021-08-24

 

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[Caldera]

Has Yingluck returned? ????

 

I seem to remember that members of the current power clique branded such a scheme as "populist"...

[Gottfrid]

Only 89 billion? Might that mean too many people are in the same business and over producing the same thing?

[clivebaxter]

1 hour ago, Caldera said:

Has Yingluck returned? ????

 

I seem to remember that members of the current power clique branded such a scheme as "populist"...

Along with Mt T's 30 baht health care

[farmerjo]

It's a step in the right direction for growers.

No farmers no food.

[hotchilli]

12 hours ago, snoop1130 said:

Thailand’s National Rice Policy and Administration Committee on Monday approved a budget of Bt89 billion to guarantee the rice price for this year’s crop.

Isn't that price fixing?

[Burma Bill]

19 hours ago, snoop1130 said:

approved a budget of Bt89 billion to guarantee the rice price for this year’s crop.

Known as "The Yingluck Scheme" ???????