The move aims to enable farmers to cover their production costs due to a decline in the monsoon paddy prices. The exports of rice have not materialised despite the government allowing entrepreneurs to export rice in November under a three-month plan. In addition, the farm produce management committee is to buy paddy from farmers at a fair price. “Another point is rice prices start going up slightly. And it also plans to increase rice export volumes in the long-term and reduce the trade deficit by accepting export earnings at domestic banks.

Source: The Nation Bangkok November 21, 2016 04:04 UTC