Govt announces B21bn rice price insurance scheme
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.
