Rice pledging budget set to be slashed | Bangkok Post: business

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Rice pledging budget set to be slashed

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The budget to subsidise rice pledging for the 2012-13 crop year may be cut from an earlier proposal of 405 billion baht, with drought expected to reduce the harvest of the second crop of paddy this year. 

Vatchari Vimooktayon, the commerce permanent secretary, said only 6 million tonnes of paddy from the 2012-13 second crop is expected to enter the pledging scheme, a significant drop from an earlier forecast of 11 million tonnes.

According to Mrs Vatchari, the Commerce Ministry will propose that the subsidy for rice pledging be cut to 300 billion baht, of which 200 billion would be for the main crop and 100 billion for the second crop.

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