Govt announces B21bn rice price insurance scheme

22.08.2019 - 01:25

The National Rice Policy Committee, chaired by Prime Minister Prayuth Chan-o-cha, on Wednesday announced 21 billion baht in subsidies to help stabilise prices for rice farmers hurt by drought and a strong baht. Under the new rice scheme, the government will agree to pay farmers a fixed price for a set amount of production if market prices fall below benchmark prices during the main harvest seasons.

(Economy)

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