Friday, 4 September 2009

Thai National Rice Policy Committee Concludes Price Guarantee for In-Season Rice

The National Rice Policy Committee has launched the 2009-2010 price guarantee program for in-season rice, which will commence in October.

Commerce Minister Porntiva Nakasai stated that the National Rice Policy or NRP Committee had approved the price guarantee for various types of in-season rice during the 2009-2010 crop season.

The approval has set the guarantee price for jasmine rice at 15,300 baht per ton, fragranced rice at 14,300 baht per ton, glutinous paddy rice at 9,800 baht per ton, and pathumthani paddy rice at 10,000 baht per ton.

The scheme is set to take effect in October.

As part of this scheme, farmers are able to guarantee rice prices. However, the amount of price guaranteed rice that farmers are able to participate with requires cautious study due to the differences in planting rice in various areas. Therefore, the NRP Committee will discuss the matter at its next meeting.

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