'B390bn loss' from rice pledging | Bangkok Post: business

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'B390bn loss' from rice pledging

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  • Newspaper section: Business
  • Writer: Chatrudee Theparat & Wichit Chantanusornsiri
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Losses from the rice-pledging scheme for the previous four crops totalled 390 billion baht, says a Finance Ministry source, referencing data compiled by a subcommittee tasked with accounting for the programme. 

The subcommittee's data at the end of September showed losses of 390 billion baht or 58% of the spending amount from the past two harvest years, up from 330 billion baht estimated by the subcommittee at the end of May.

The latest loss figure is closer to former deputy prime minister and finance minister MR Pridiyathorn Devakula's recent estimate of 425 billion baht in losses for the two harvests.

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