Tab for paddy mortgaging hits B258bn | Bangkok Post: news

News > Local News

AGRICULTURE

Tab for paddy mortgaging hits B258bn

The Bank for Agriculture and Agricultural Cooperatives says the country has so far spent almost 258 billion baht under the mortgage scheme to shore up paddy prices.

During the programme's first phase from Oct 7, 2011 to Feb 29 this year the bank spent 118.4 billion baht on a total of 7 million tonnes of rice from some 1.1 million farmers.

It has already received 4 million tonnes of milled rice.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Most Viewed

  • 26,000 reds recall bloodshed

    Ousted premier Thaksin Shinawatra said the government's amnesty efforts must focus on absolving red shirts facing legal action in connection with the 2010 political violence rather than protest leaders or even himself.

Forum

Your comments

  • banmebkk

    ThailandPost : 2,422

    Send message

    Discussion 1 : 19 Jul 2012 at 11.571

    Keeping prices artificially high for what? They will bankrupt the country sooner or later if they keep on keeping this up. Many of the agricultural goods have rotted away in warehouses, making them unsellable. Many farmers also do not benefit as it is still the middle men who profits and preys on the farmers.

Reply

Sign in once and access every part of the website at your convenience!

Please log in to our Bangkokpost.com community to post your comment.
You can sign in to the community by clicking here.

If you are not part of the community yet, please sign up here. By being part of this community you will get all these privileges.