Mixed reaction on the government's decision to cut pleading price | Bangkok Post: business

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Rice pledging price cut to B12,000

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An emergency cabinet meeting on Wednesday agreed to reduce the price paid under the rice-pledging scheme by 20 per cent, effective with the second crop beginning on July 1. 

The decision cuts the rice-pledging price from 15,000 to 12,000 baht per tonne, as proposed by the National Rice Policy Committee, PM’s Office Minister Varathep Rattanakorn said.

The reduction in the pledging price will take effect from July 1. In addition to the 20% cut, the amount paid to each farming family will be capped under the new rules at 500,000 baht, he said.

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