Thailand’s Rice Policy and Management Committee has approved a budget, amounting to about 150 billion baht, to guarantee the income of more than 4.6 million rice farming households for their 2022-2023 rice crops.
The committee also agreed to extend the period for resolvingthe controversial rice pledging scheme, of the former government of Prime Minister Yingluck Shinawatra, for another year, as there are still about 218,000 tonnes of unsold rice in warehouses.
Most of the remaining rice is now rotten and is often sold as inedible rice to be converted into bio fuel.