B240bn approved for rice pledging scheme

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B240bn approved for rice pledging scheme

Published: 2 Oct 2012 at 16.00
Online news: Local News

The cabinet on Tuesday approved a total budget of 240 billion baht for a new round of rice price pledging, destined for the 15 million tonnes harvest due to begin this month, permanent secretary for commerce Watcharee Wimuktayon said.

The period for the new round of pledging runs from Oct 1, 2012 to Sept 15, 2013. Mortgaged rice prices were set at 15,000 baht a tonne for unmilled white rice paddy and 20,000 baht per tonne for Hom Mali (Jasmine) paddy, she said.

Mrs Watcharee said the cabinet had not discussed the pledging scheme for the second crop, which would be harvested in March next year. The government had a six-month window to reconsider the scheme.

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englishbob
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Discussion 9 : 02 Oct 2012 at 20.199
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Disc4 KhunBJ - I HAVE answered your question.
I told you that EU subsidies under CAP are set for many different and complicated reasons... And I don't agree with any of them. Subsidies adversely effect market forces and cause hardship elsewhere.

And this government? As far as I can see, it has achieved nothing in 14 months. Correct me if I'm wrong by naming three PT policies that have been successful.
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johninbkk
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Discussion 8 : 02 Oct 2012 at 20.138
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"He had visited farmers in Sukhothai and they complained bitterly that they were not paid the declared mortgage prices."
According to the two large surveys conducted by the University of the Thai Chamber of Commerce in July and August, 98.7% of farmers received the money within 10 days.
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jwatch
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Discussion 7 : 02 Oct 2012 at 20.117
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Why are you guys against this? This is the best policy ever...my tax money is really being put to good use. So what if it bankrupts the country?
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cinbkk
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Discussion 6 : 02 Oct 2012 at 20.026
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How many mass transit lines and upgraded railways could be built for this money, projects that would bring huge benefits to Thailand?
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aussie
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Discussion 5 : 02 Oct 2012 at 19.305
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TRANSPARENCY, people, TRANSPARENCY!

Graft people graft !
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khunbj
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Discussion 4 : 02 Oct 2012 at 19.064
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As far as I remember then Thailand makes 22 mill ton rice, own consumption is 10 mill tons and exports around 8 mill ton, that makes a stockpile of 4 mill tons .... BP please investigate the numbers instead on just reporting no's that people from all sides seem to be making up, of course it is possible to find out what the stock pile is, a bit of investigation is all it takes.
@englishbob , wish that one day you will accept that everybody do not share your views and try to use a bit of common sense instead of constantly defending everything that attacks the government .......and do not forget that you do not have monopoly on the truth....you still owe me an explanation on why the UK farmers need 200 bn THB/year from the EU to stay in business, why don't they just improve productivity ?.
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bystander
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Discussion 3 : 02 Oct 2012 at 18.273
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Would it be too much to ask for a monthly report be published that showed:

1. How much rice is in storage and where.
2. How much has been sold from where and to whom and for what price.
3. How much has bee mortgaged by whom and to where.

TRANSPARENCY, people, TRANSPARENCY!
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khunbj
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Discussion 2 : 02 Oct 2012 at 18.152
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Looking forward to hear the academics answers to the farmers legitimate questions , please get their answers BP.
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englishbob
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Discussion 1 : 02 Oct 2012 at 18.141
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I wish I was surprised by the simplistic, naive and threatening language of the farmers association. But I'm not.

The ONLY people defending this ridiculous scheme are PT MPs, middlemen and farmers - ie people who are reaping financial benefits from it. The scheme dissuades farmers from improving productivity or forming co-operatives since there is no incentive to do so - why work harder when being overpaid is guaranteed?

To drag allegiance to Peua Thai or Military Govts into the fray is a warning that Red Shirt Guards will be watching NIDA from now on.
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B240bn approved for rice pledging scheme | Bangkok Post: news