PM defends rice price cut
- Published: 22 Jun 2013 at 10.56
- Online news:
The government will not stop its rice-pledging policy but will continue it in a more sustainable way, Prime Minister Yingluck Shinawatra said on Saturday.
However, she said authorities had no choice but to reduce the price paid for rice by 20%, given local and world market conditions and the need for fiscal discipline.
The government is trying to defuse possible protests by farmers upset by the price reduction to 12,000 baht a tonne from 15,000 baht, effective from next month.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.