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Thai commerce pledges marketing intervention for edible root to continue.
Byline: Phusadee Arunmas
Nov. 4--The Commerce Ministry intends to continue intervening in the marketing of cassava during the 2004-05 season despite heavy losses suffered by the mortgage programme last year.
Starting this month, the ministry will pledge five million tonnes of the edible root from the upcoming harvest by paying planters 1.20 baht a kilogramme for roots with less than 25 percent moisture content. The new price is higher than for the previous crop, for which growers were paid an average of 1.10 baht per kg.
The mortgage programme remains largely unchanged despite revelations by Commerce Minister Watana Muangsook that the state took ...
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