Insurance project from the Ministry of Commerce for rice growers in Thailand

Published 2020년 11월 11일

Tridge summary

The Thai Ministry of Commerce has approved the first installment of compensation for the price difference under the rice farmer income insurance scheme for the 2020/64 production year. The compensation, ranging from 1,066.96 baht to 2,911.17 baht per ton, will be transferred to farmers' accounts on November 16. The farmer's association has expressed gratitude for the government's support, highlighting the strong baht and reduced exports as challenges. They have also addressed issues of mill liquidity and discussed with bank creditors to secure funding for mills to purchase rice.

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Original content

On November 9, 2020, the Ministry of Commerce By the Sub-Committee on Supervision and Setting the Intermediate Criteria for Rice Growers Insurance Project Year 2 And compensation for the price difference under the rice farmer income insurance scheme 2020/64 Round 1 for the first installment to farmers who have registered rice farmers in the production year 2020/64, harvested until 8 November 2020 For various colored paddy at moisture not more than 15%, the difference compensation has been approved, it is expected that the BAAC will transfer money to the farmer's account on this November 16, Mr. Pramote Charoensilp. Thai Farmer and Farmer Association revealed that "economic base" would like to thank the government. Especially Jurin Laksanawisit, Deputy Minister and Minister of Commerce. That caused the rice income insurance program Payable to farmers on November 16, including the harvest will be issued in 2 installments, the first payment will be 500 baht and the second will pay ...

Source: Ththansettakij