"price guarantee measure"

The Cabinet on Tuesday set aside more than 140 billion baht for rice price guarantee in the 2021-2022 fiscal year.

The Cabinet approved measures amounting to THB131.6 billion to guarantee income for rice farmers and parallel measures to help rice growers during production year 2021/2022, as proposed by the Commerce Ministry after a decision by the National Rice Policy Committee.

The Natural Rubber Policy Committee has in principle approved a 10.6-billion-baht price guarantee scheme for rubber farmers in a bid to alleviate their burden.

Agriculture and Cooperatives Minister Chalermchai Sri-on has proceeded with the implementation of an urgent price guarantee measure for grade 3 raw rubber sheets to be sold at Bt60 per kilogram to assist 1.43 million rubber farmers who have suffered losses in the past five years as a result of the falling prices of latex and rubber sheets.