Aiming to use "Factoring-Barter Trade" to solve the agricultural crisis, hard to borrow money

Published 2020년 9월 21일

Tridge summary

The Director of Thailand's Warehouse Organization, Mr. Kriengsak Prateep Wisarut, has deployed NCPO officials to conduct a survey aiming to enhance the value of agricultural products nationwide to address issues of oversupply and low prices. A report, including potential solutions and a budget support for the project, is expected to be compiled within the next 2-3 weeks. The strategies include using factoring or trade receivables to assist farmers, and barter trade systems to increase the value of export trade. The organization also plans to negotiate with Indonesia and the Philippines to exchange Thai rice for their imports, such as mackerel, sardines, and other products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Kriengsak Prateep Wisarut, Director of the Warehouse Organization (ORO), revealed that at this time, he has assigned the NCPO officials to visit the area and conduct a survey on the needs and propose guidelines to help and promote agricultural products across the country. To reduce oversupply problems Slumping prices and sustainable product value added Which is consistent with the mission to generate income for the NCPO And is the main agency in solving agricultural and trade problems Set to reach a preliminary conclusion within 2-3 Week from now And used to plan for various measures Before presenting the policy level Some of which require a budget to support the project. And not contrary to the regulations of state enterprises The short-term approach is prepared to present the use of factoring or trade receivables. Come to help the farmers sector By using the income of the NCPO to allow the agricultural sector to borrow and keep the margin ratio This is a way to make the ...

Source: Ththansettakij