“Commercial” taps to pay the difference to guarantee rice income, production year 2064/65, 14th installment, compensation for 5 types as usual but pay the difference less After rice prices continued to rise, revealing that “Paddy rice” still received the highest compensation, followed by “Jasmine paddy”
Mr. Wattanasak Sueaiam, Director-General of the Department of Internal Trade As the chairman of the subcommittee on supervision and determination of the central criteria referring to the rice farmers insurance scheme, revealed that on January 14, 2022, the reference price and the compensation for the price difference under the farmers’ income insurance scheme were approved. Rice year 2064/65, round 1, installment 14, with a resolution to pay the difference to farmers registered for rice farmers of the 2064/65 production year, specifying the expected date of harvesting from 7-13 m. 2522, 5 types, namely Hom Mali Paddy Jasmine rice paddy outside the area Pathum Thani Fragrant Rice paddy and glutinous rice but the difference in payment is less from the previous period after the price of paddy continued to rise
In this regard, the reference price and the payment of the difference in the 14th installment are jasmine paddy, priced at 11,522.60 baht per ton, offset by 3,477.40 baht per ton, jasmine paddy outside the area, priced at 10,993.72 baht per ton, offset by 3,006.28 baht per ton, Pathum Thani paddy at 10,059.83 baht per ton. ton, compensated 940.17 baht per ton, paddy at 8,347.63 baht per ton, compensated 1,652.37 baht per ton, and glutinous paddy at 10,451.85 baht per ton, compensated 1,548.15 baht per ton.
Farmers will receive the difference for the 14th installment, the highest as follows: Hom Mali paddy at 48,683.60 baht, Hom Mali paddy outside the area 48,100.48 baht, Pathumthani fragrant paddy at 23,504.25 baht, glutinous paddy 49,571.10 baht, and glutinous paddy 24,770.40 baht.
For the payment of the difference in the income insurance scheme in the 3rd year, the same principle remains the same. The Bank for Agriculture and Agricultural Cooperatives (BAAC) will transfer funds to farmers’ accounts within 3 working days after the announcement of the benchmark price as in Year 1 and Year 2.