Nattawut: Maintaining of 15,000 baht pledged price will not ruin fiscal discipline

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BANGKOK, 2 July 2013 The Deputy Commerce Minister has said the maintaining of the rice pledging price at 15,000 baht will not ruin the government’s fiscal discipline, vowing to forge ahead with the program for the sake of Thai farmers.

According to Deputy Commerce Minister Nattawut Saikua, the National Rice Policy Committee has agreed to maintain the price of rice under the rice pledging program at 15,000 baht until September 15th, which is the end of the 2013 rice production year. The move will not affect the country’s financial status and the government’s fiscal discipline; besides, the government has made the decision based on facts and the needs of poor farmers.

As for the prices of egg, which have skyrocketed in the past few months, Natawut said the prices would drop to an average of 2.90 baht apiece sometime this month. In addition, he has already ordered the Internal Trade Department (DIT) to monitor markets in all areas in order to prevent sellers from selling eggs at inordinate prices.