Commerce Ministry proposes rice price stabilisation scheme

16 Sept 15:43 Key points summarised by AI

The Thai Ministry of Commerce plans a 4-point scheme to stabilize rice prices by stockpiling 14 million tonnes of paddy for up to five months.
Farmers and cooperatives will receive subsidies (1,500 baht per tonne) to hold their paddy stock for 1-5 months, releasing it when prices are favorable.
Warehouse operators will be incentivized with government-shouldered interest payments (up to 4%) to stock 10 million tonnes of paddy for 2-6 months.
The government will also help reduce farmers' production costs by granting a 1,000 baht subsidy per 0.16 hectares for rice harvesting, up to 3.2 hectares.

Flooding persists in Bangkok and 22 provinces

Yesterday 16:00 Key points summarised by AI

Persistent flooding continues across Bangkok and 22 Thai provinces, though water levels are gradually receding in many affected areas.
Over 604,000 families, impacting approximately 1.83 million people, are still grappling with the widespread flood conditions.
The national flood death toll has reached 80 since mid-September, with fatalities reported across various provinces.
Major regions like Pathum Thani, Ayutthaya, and Bangkok report significant numbers of affected households, with hundreds of thousands still in trouble.