Rice policy panel meets to study mounting pledging scheme losses | Bangkok Post: business

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Pledge price for rice may be cut, says Kittiratt

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The crop pledging price for rice may be reduced from the current 15,000 baht per tonne for ordinary rice, Finance Minister Kittiratt Na-Ranong said on Thursday. 

He was commenting ahead of a meeting of the National Rice Policy Committee Thursday, which was due to scrutinise the rice scheme's losses in the wake of estimates they total as much as 260 billion baht.

The committee, chaired by Commerce Minister Boonsong Teriyapirom, is the only agency that knows the exact losses incurred by the rice-pledging scheme, a flagship policy of the government.

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