Un-milled Thai rice fetches highest price in 10 years

13 Sept 11:01 Key points summarised by AI

Un-milled Thai rice prices soared to a decade-high of 10,800-11,000 baht per tonne for the 2019-2020 crop year, primarily due to lower production caused by alternating drought and flooding.
Despite a recent decline, current un-milled rice prices (around 9,600 baht/tonne) remain acceptable and profitable for farmers, whose average production costs are 8,000 baht per tonne.
Milled rice prices have also increased by 20-30% to an average of 18,000 baht per tonne, with exports expected to rebound in the second quarter as COVID-19 impacts ease and other regional exporters reduce their grain shipments.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.