Thailand’s farmers have mortgaged over 3 million tons of
unmilled rice since the Oct 7 startup of the government’s rice mortgage
scheme.
Deputy Commerce Minister Poom Sarapol made the
announcement after a rice mortgage subcommittee meeting last week.
Due to the flood crisis covering more than 20 provinces
nationwide, he said the amount of rice mortgaged was less than expected,
while some farmers sold their harvest to middlemen offering a better price.
Whether many farmers will bring their rice under the
mortgage scheme will depend on market prices.
The rice pledging programme will end on Feb 29, and will
not be extended, Poom said.
The government may start a mortgage scheme for off-season
rice in the future if farmers still have unmilled rice in their stocks.
The subcommittee’s meeting assigned related agencies to
speed up the payment processes for farmers after complaints they had not
received their money.
Poom said false claims have been made by some farmers
seeking rice mortgages, particularly in Thailand’s border areas. Legal
action will be taken against those found to be attempting to defraud the
system. (MCOT)
