The rice-pledging scheme will remain in place until rice farmers have adequate incomes, Prime Minister's Office Minister Varathep Rattanakorn said yesterday.
Mr Varathep, who also holds the post of deputy agriculture and cooperatives minister, was responding to concerns expressed by Bank of Thailand (BoT) chairman Virabongsa Ramangkura that the country faces fiscal damage if the scheme persists.
"Government policy is to oversee people in different professions - including farmers - who don't make enough money. After they've been looked after for some time, and a balance is created [between income and expenses], then the rice-pledging project might be adjusted or changed," Mr Varathep said.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.