Illustrative image (Source: www.thaivisa.com) Bangkok (NNT/VNA) – The Rice Policy and Management Committee of Thailand has announced rice stock release plans and expects over 34 million tonnes of rice throughout this year. The Rice Policy and Management Committee on May 27 approved a project to provide over 180 million THB in funding to help farmers with rice harvests and quality improvement costs for the 2016-2017 season. Over 34 million tonnes of rice are expected throughout this year, no fewer than 10 million tonnes of which will be exported. The Rice Policy and Management Committee, chaired by Prime Minister Prayut Chan-o-cha, approved in principle the integrated production and marketing plans for 2019/2020 season. The plans will be implemented with regards to the demand and supply mechanism, export, domestic consumption, industrial uses and seedlings. Rice production in targeted areas will be improved and promoted for the 2019/2020 season while domestic marketing will be developed and the rice harvest and quality improvement costs will be shared. A total of 28,792 farmers have registered for the slowed rice harvesting and compensation pay project , which amounted to over 180 million baht for 2016/2017 season. The assistance measure will be submitted to the cabinet for… Read full this story
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