Connect with us

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.

Aishwarya Gupta

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)

Comments

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.

Avatar

Published

on

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.

(more…)
Continue Reading

commodities

Thailand’s rice exports slump to decade low

Thailand could drop to the world’s third largest rice exporter, after Vietnam and India, as Thai rice exports slump to a decade low of 6.5 million tonnes.

Avatar

Published

on

The strong baht makes it harder for Thai exporters to compete with other top producers like Vietnam and India.

The Thai Rice Exporters Association cut its projection for 2020 rice exports from 7.5 million tonnes to 6.5 million tonnes, the lowest in a decade.

(more…)
Continue Reading

commodities

US oil down more than 9% in Asian trade

Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions imposed worldwide to fight the virus.

Agence France-Presse

Published

on

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.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,605 other subscribers

Trending