Govt to continue rice pledging

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Published: 20 Sep 2012 at 15.44
Online news: Local News

The government will continue with its rice price pledging scheme, despite calls by economists to end it, because most rice farmers like it, Commerce Minister Boonsong Teriyapirom confirmed on Thursday.

He was responding to comments by an academic at the National Institute of Development Administration (NIDA) that he and his colleagues plan to submit an open letter to Prime Minister Yingluck Shinwatra, asking her to scrap the scheme.

Mr Boonsong said continuing the scheme was not a violation of the charter and the government is not running a rice trading business, as alleged.

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gordlimey
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Discussion 7 : 20 Sep 2012 at 20.327
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D4 Renaissance:
I take your point " that he is hoping that the world prices will magically shoot up" but i am wondering, Why do they want to hoard food?
Lets just say, that maybe they do know something. I don't think they have the well being of farmers on their mind. Do you?
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bluebottle
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Discussion 6 : 20 Sep 2012 at 20.126
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Do not bite the hand that feeds you.
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domdunnn
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Discussion 5 : 20 Sep 2012 at 19.355
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soltair D3

That's the reality of politics.
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Renaissance
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Discussion 4 : 20 Sep 2012 at 19.004
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I suspect that someone does not want to admit that his rice mortgage scheme was a blunder; and that he is hoping that the world prices will magically shoot up so that they are equal with the high prices of Thai rice. But if he is wrong again, then Thailand will be on the auctioneer's chopping block at a Fire Sale price after becoming bankrupt. (Maybe a "white" exaggeration!) Not that this will affect his offshore savings, of course.
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soltair
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Discussion 3 : 20 Sep 2012 at 18.593
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Who cares about the votes of academics, the farmers are in much bigger numbers.
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dickemery
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Discussion 2 : 20 Sep 2012 at 18.222
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why would they want to change things, buy from of the farmers at bottom price, so to pay of their mortgage,keep them happy, then store at a wharehouse and try and manipulate the highest price, some of the profit go back to the state and their broker who ever that might be , cutting out the other brokers
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jacksprat
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Discussion 1 : 20 Sep 2012 at 18.141
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Scheme is a good name for it.
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Govt to continue rice pledging | Bangkok Post: news