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Thailand Shells Out 18 Billion Baht in Rice Subsidies.
Byline: Phusadee Arunmas
Feb. 12--The government has spent 18 billion baht to buy 2.98 million tonnes of paddy, or unprocessed rice, from farmers under a price-support programme for the 2002-03 season.
Rice volume was below the original estimate of 3.5 million tonnes authorities had planned to buy from farmers from Nov 1 to the end of this month at guaranteed prices.
About 2.31 million tonnes of white paddy were purchased at 5,100-5,200 baht a tonne, 580,000 tons of fragrant paddy at 7,000 to 7,500 baht, and 89,000 tonnes of glutinous paddy at 5,800 to 6,000 baht.
Commerce Minister Adisai Bodharamik said he expected farmers to keep ...
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Source: HighBeam Research, Thailand Shells Out 18 Billion Baht in Rice Subsidies.