Ministry of Commerce green lights rice farmer aid plan

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BANGKOK – The Rice Policy and Management Committee has approved measures proposed by the Ministry of Agriculture and Cooperatives to assist rice growers and elevate the rice industry.

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Permanent Secretary for Commerce Chutima Bunyapraphasara said the committee, chaired by Prime Minister Gen. Prayut Chan-ocha, agreed with the ministry’s initiatives to help farmers that are trying to scale down their rice paddies and those that are taking part in the area-based farming project.

The committee has also approved the proposed budget of 750 million baht. The funds will be spent on the establishment of a foundation for developing commercial agricultural technologies and innovations, as part of the government’s economic policy, Thailand 4.0.

Mrs. Chutima added that the committee also reported of a jump in rice price in the global market, due to a fall in output. The demand for rice has gone up in many countries, which will benefit Thailand’s rice industry.