BANGKOK, 10 October 2013 – The National Rice Policy Committee has approved an injection of 3 billion baht into a scheme to pay compensation to farmers who could not pledge rice in time for the 2012/2013 harvesting season ending September 30.
Deputy Prime Minister and Commerce Minister Niwatthamrong Bunsongphaisan said after the meeting of the NRPC committee that the meeting addressed the issue of rice growers who could not harvest in time for the September 30 deadline.
The meeting resolved to propose to the cabinet an allocation of 3 billion baht to pay to the farmers 2,500 baht for each ton of rice mortgaged with the government.
As for rice growers who have yet to receive payment for their pledged rice accounting for 300,000 tons, the Minister revealed that the amount is currently being processed.
