More farming subsidies approved in Thailand

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rice farmersThe Thai government on September 3 approved more subsidies for the rice and rubber sectors in its Cabinet meeting.

The controversial rice pledging scheme will receive a total budget of 270 billion baht ($8.5 billion) for the 2013/14 harvest season as proposed by the National Rice Policy Committee. The government also approved the pledging price for normal paddy again at 15,000 baht ($470) a tonne, but the total value has been capped at 350,000 baht ($11,000) per household. The rice programme runs from October 1, 2013, to February 28, 2014.

The price for off-season paddy in the 2014 harvest season has been set at 13,000 baht per tonne, with the value capped at 300,000 baht per household.

The cabinet also approved 5.62 billion baht ($176 million) as a subsidy for rubber planters, as proposed by the National Rubber Policy Committee.

A subsidy of 1,260 baht ($40) per rai (1,600 square meters) of rubber plantation, limited to 10 rai per farmer, will be transferred through the Bank for Agriculture and Agricultural Cooperatives directly to rubber growers. Of a total of 990,000 farmers who registered for the subsidy, it is believed about 980,000 will get the money.

Thai rubber farmers over the past few days have held prolonged protests in Thailand’s southern Nakhon Si Thammarat province that has disrupted distribution systems and delayed thousands of tonnes of Thai rubber shipments. Rice farmers have also repeatedly held protest marches to demand financial support from the government on the grounds of falling rice prices on the world market.

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Reading Time: 1 minute

The Thai government on September 3 approved more subsidies for the rice and rubber sectors in its Cabinet meeting.

Reading Time: 1 minute

rice farmersThe Thai government on September 3 approved more subsidies for the rice and rubber sectors in its Cabinet meeting.

The controversial rice pledging scheme will receive a total budget of 270 billion baht ($8.5 billion) for the 2013/14 harvest season as proposed by the National Rice Policy Committee. The government also approved the pledging price for normal paddy again at 15,000 baht ($470) a tonne, but the total value has been capped at 350,000 baht ($11,000) per household. The rice programme runs from October 1, 2013, to February 28, 2014.

The price for off-season paddy in the 2014 harvest season has been set at 13,000 baht per tonne, with the value capped at 300,000 baht per household.

The cabinet also approved 5.62 billion baht ($176 million) as a subsidy for rubber planters, as proposed by the National Rubber Policy Committee.

A subsidy of 1,260 baht ($40) per rai (1,600 square meters) of rubber plantation, limited to 10 rai per farmer, will be transferred through the Bank for Agriculture and Agricultural Cooperatives directly to rubber growers. Of a total of 990,000 farmers who registered for the subsidy, it is believed about 980,000 will get the money.

Thai rubber farmers over the past few days have held prolonged protests in Thailand’s southern Nakhon Si Thammarat province that has disrupted distribution systems and delayed thousands of tonnes of Thai rubber shipments. Rice farmers have also repeatedly held protest marches to demand financial support from the government on the grounds of falling rice prices on the world market.

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