PM to keep 'sustainable' rice-purchase programme | Bangkok Post: news

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Modified rice scheme to stay: PM

Yingluck says local and world markets made price cut unavoidable

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The government will not abandon its rice-pledging scheme but will proceed in a more sustainable way, Prime Minister Yingluck Shinawatra said yesterday. 

On the government's decision to reduce by 20% the price it pays farmers for rice under the programme, she said it had no choice given the state of local and world markets, and the need for fiscal discipline.

The government is trying to prevent protests by farmers upset by the reduction of the pledging price to 12,000 baht a tonne from 15,000 baht from next month.

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