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The government will start its rice mortgage programme in November, Deputy Prime Minister and Commerce Minister Kittiratt Na-Ranong said on Wednesday.
Mr Kittiratt was speaking after arriving at the Ministry of Commerce this morning for his first day at work.
He told reporters at the ministry that the government will confirm the rice mortgage scheme in its policy statement and that crop mortgage prices will be set at 15,000 baht per tonne for non-glutinous unmilled rice and 20,000 baht a tonne for Hom Mali (jasmine) unmilled rice.
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Red-shirt supporters have expressed dismay over ousted prime minister Thaksin Shinawatra's call for them to set aside their anger and frustration over social and legal injustices for the sake of national reconciliation.
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Discussion 3 : 18/08/2011 at 07:33 AM3
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"crop mortgage prices will be set at 15,000 baht per tonne for non-glutinous unmilled rice and 20,000 baht a tonne for Hom Mali (jasmine) unmilled rice." This is 25% above market price. The optimal profit point in capitalism is the market price. Any price that isn't market price will hurt either the farmers or the tax payers that are subsidizing the farmers. "Why should the low-income earners have to suffer for keeping inflation at a low rate?" Because inflation causes low-income earners to suffer. It's a never-ending cycle to raise wages as a 'solution' to inflation.
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Discussion 2 : 17/08/2011 at 05:30 PM2
Not that this is unexpected, but I doubt anyone has the ability to present a rational argument of how scrapping the pilot scheme to make farm support payments directly to farmers and to pay it to the wealthy middle-men again helps poor farmers in PTP's self-declared "class war" on "the rich". If the argument is that the means justifies the end, then clearly this was about obtaining the biggest electoral mandate possible by whatever means necessary, not about helping poor farmers to make an honest living because the mortgage scheme ENSURES they are beholden to the rice traders and millers. Obviously, many important posts in the PTP-led coalition government are held by these wealthy blood-sucker friends of Shinawatra as part of the quid pro quo for delivering electoral seats. Viva Patron! Viva Thaksin! Viva Beasts of Siam - "Four legs good. Two legs better!"
Post : 49
Discussion 1 : 17/08/2011 at 02:21 PM1
Perhaps the Thai economist can explain how rising domestic prices and a minimum hourly pay raise equates to a better life for the average Thai citizen? Inflation in Thailands domestic market place is well over 40% now. How can a minimum wage of 300 baht or the government supplemental rice price of 15,000/20,000 baht per ton give any Thai citizen a better economic future? The subsidy is simply inflated pricing in the marketplace of which the consumer will have to pay the price of such government subsidy. Foolishness IMO.
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