Connect with us
The clever new way to send money abroad

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

on

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

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.

 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)

Click to comment

Leave a Reply

Markets

Thai Mango growers complain of low prices and fewer exports

Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.

Published

on

Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.

(more…)
Continue Reading

commodities

Covid-19 and food security: can emerging economies mitigate rising prices?

The Food Price Index, established by the UN’s Food and Agriculture Organisation (FAO) to track monthly changes in international food prices, rose for the eighth consecutive month in January, primarily as a result of Covid-19.

Published

on

Covid-19 and food security: can emerging economies mitigate rising prices?

An increase in food prices following the coronavirus pandemic has intensified concerns related to global food security. For emerging markets, this has further underlined the importance of regional cooperation and innovative solutions to help overcome the challenges.

(more…)
Continue Reading

Most Read

Recent