Deputy Commerce Minister inspects rice mortgage scheme in Nakhon Nayok

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BANGKOK, 10 November 2013The Deputy Commerce Minister has visited Nakhon Nayok Province to follow up on the province’s rice pledging program. He also handed out relief packages to those affected by the recent flooding. 

Deputy Minister for Commerce Yanyong Phuangrach traveled to Nakhon Nayok where he gave out 1,000 relief packages and other survival kits to people in the flood-hit areas. Upon his arrival, he was welcomed by the provincial governor who briefed him on the overall flood situation in the province.

Later in the day, the deputy minister proceeded to Ongkharak District to inspect a rice mill under the government’s 2013/2014 rice mortgage program.

The cabinet, according to him, approved that rice with moisture content of under 15 percent can be pledged at the price of 15,000 baht per ton. The deputy minister expected that around 16.5 million tons of rice nationwide will be registered at the end of the 2013/2014 season.

As for rice distribution, Mr. Yanyong believes the government will be able to sell 48 billion baht worth of rice by year end, and the money will be given to the Bank for Agriculture and Agricultural Co-operatives (BAAC) to carry on with the rice scheme.

He also stressed the importance of rice quality as all production processes will be available for inspection.