The cabinet has approved a total budget of 270 billion baht for the government’s rice pledging scheme, Deputy Commerce Minister Yanyong Puangraj said on Tuesday.
Despite opposition party criticism that corruption is blighting the scheme, the Pheu Thai-led government opted to carry on its vote-winning populist policy for the 2013/14 harvest season, albeit a toned down version, as proposed by the National Rice Policy Committee.
The pledging price for in-season normal paddy has been set at 15,000 baht a tonne for white rice and 20,000 baht a tonne for Hom Mali, or Jasmine rice, capped at 350,000 baht per farming household. The rice programme for in-season paddy runs from Oct 1, 2013 to Feb 28, 2014, said Mr Yanyong.
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