B240bn approved for rice pledging scheme | Bangkok Post: news

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B240bn approved for rice pledging scheme

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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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