Thailand earmarks over 24 bln baht in subsidiaries for rubber farmers

Thai cabinet earmarks over 24 bln baht in subsidiaries for rubber farmers

Thai cabinet on October 15 approved a 24.278-billion-baht budget for the first phase of income-guarantee subsidy for rubber growers.

Wednesday, October 16, 2019 20:59

Thai cabinet earmarks over 24 bln baht in subsidiaries for rubber farmers ảnh 1

(Source: https://forum.thaivisa.com)

Bangkok (VNA) – Thai cabinet on October 15 approved a 24.278-billion-baht budgetfor the first phase of income-guarantee subsidy for rubber growers.

The scheme aims to ensure 1.4 million rubber farmers of Thailand have a stableincome for six months, starting from October until March next year.

The scheme guarantees theprice of premium grade rubber sheets at 60 baht per kilogramme, latex at 57baht per kg and cup lumps at 23 baht per kg. The maximum guaranteed amount willnot exceed 240 baht per kilo for each 1,600 sq.m per year, and will be limitedto 40,000 sq.m per farmer.

The scheme will only cover plantations that are at least seven years old.

The firstround of subsidy, covering October-November, will be transferred to farmers’bank accounts between November 1 and 15. Meanwhile the payment of the secondround will be made in December and January 2020, and the third round in Februaryand March 2020./.

VNA

#Thai cabinet #income-guarantee subsidy #rubber farmer #Vietnamplus #Vietnam News #Vietnam News Agency Thailand

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