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150 billion baht budget approved to guarantee income for farmers from 2022-2023 rice crops

13 Sept 14:25 Key points summarised by AI

Thailand's Rice Policy and Management Committee approved a 150 billion baht budget to guarantee income for over 4.6 million rice farming households for their 2022-2023 crops.
The budget allocates 86.7 billion baht to ensure a minimum rice market price, with the state paying the difference if farmers sell below the set rate.
An additional 63.3 billion baht will subsidize farmers (1,000 baht per 0.16 hectare, up to 20,000 baht) to encourage delayed sales and prevent price drops during peak harvest.
The committee also extended the resolution period for the controversial rice pledging scheme by another year due to remaining unsold, often rotten, rice.
Farmers have expressed strong support for the income guarantee scheme, advocating for its annual implementation to stabilize their earnings.

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).