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Friday, May 3, 2024

Cabinet endorses B55bn rice support measures

Farmers harvest rice in Nakhon Ratchasima’s Phimai district. (Photo: Prasit Tangprasert)

The cabinet on Tuesday approved measures worth 55 billion baht to stabilise rice prices for the 2023/24 harvest.

Commerce Minister Phumtham Wechayachai said the measures approved involve loans to farmers to delay the sale of paddy rice with a moisture level of 25% for a period of five months, along with loans to agricultural cooperatives to intervene in the market to buy paddy rice…

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