commodities

Government rice pledging price to remain unchanged

Deputy Prime Minister Kittiratt Na-Ranong today allayed concerns among farmers nationwide on the government’s rice subsidy, reaffirming that the pledging price of Bt15,000 per tonne of rice will be left intact.

Published

8 years ago

March 1, 2013

Aishwarya Gupta

system of rice intensification (SRI) is gaining ground across Asia

There have been widespread reports that the rice price pledged by the government will be reduced to Bt13,000 per tonne. “Commerce Minister Boonsong (Teriyapirom) has already denied the reports. I respect his statement,” said the deputy premier and finance minister.

The National Rice Policy Committee was earlier scheduled to meet today but postponed it to mid-month to enable the Commerce Ministry to collect additional data on rice production and costs for the committee’s deliberations.

Mr Kittiratt said the Bank of Agriculture and Agricultural Cooperatives released Bt40 billion for the pledging scheme and should get the money back within the deadline. (MCOT online news)

Source: Govt’s rice pledging scheme to remain untouched | MCOT.net

Farmers in this rice-cultivating province vowed to invade Bangkok on Monday to protest a reported move by the Commerce Ministry to reduce the paddy subsidy under the rice pledging scheme.

Vichien Puanglamchiak, president of the Thai Farmers and Agriculturists Association, said the not-yet-announced decision to lower the rice pledge level from Bt15,000 per tonne to Bt13,000 per tonne will severely affect farmers.

He said farmers in over 40 rice-planting provinces objected to the Commerce Ministry’s plan and they will petition Prime Minister Yingluck Shinawatra on Monday, asking her to review the decision.

Narong Mongkolvej, a 40-year-old farmer in Ayutthaya, said farmers nationwide will suffer from the lower subsidy and that farmers have stopped planting rice for the second and third harvests due to the irregular water supply.

“We can plant rice only once a year. The government should review its plan on lower subsidy,” he said.

A senior Commerce Ministry official today denied a report that the ministry was considering slashing the rice subsidy in the near future. The official said a decision must be made by the National Rice Policy Committee which is scheduled to meet in mid-March. (MCOT online news)

commodities

Gold rush hits Thailand as prices surge

The value of gold has rocketed by Bt7,000 per baht weight since the beginning of this year, generating returns of over 20 per cent.

Published

6 months ago

July 30, 2020

Akanksha Singh

Photo : Adam Jones

People flocked to sell their gold at China town. The Gold Traders Association announced the buying and selling prices of gold has increased by 50 baht to a historic high.

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commodities

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Headline Editor

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commodities

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Published

9 months ago

April 27, 2020

Agence France-Presse

US oil prices fell heavily Monday on renewed concerns over storage capacity as the coronavirus throttles demand, even as producers start slashing output to boost markets.

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