The Thai Farmers Association on Tuesday welcomed the cabinet's decision to hold back a decision on whether to reduce paddy pledging prices, and threatened major protests if price cuts were ordered.
Prime Minister Yingluck Shinawatra said Tuesday the cabinet had "acknowledged" proposals from its rice policy panel, but had sent them back to provide additional information before taking a decision on the future of the scheme.
Association chairman Wichian Puanglamjiak said he was grateful for the cabinet’s decision. He said the current pledging price of 15,000 baht a tonne, and its condition that the rice must have a moisture content not exceeding 15%, was already appropriate. He hoped the two-year-old scheme would continue for another next five years.
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