Thailand to release 34 million tonnes of rice this year
The Rice Policy and Management Committee of Thailand has announced rice stock release plans and expects over 34 million tonnes of rice throughout this year.
Bangkok (NNT/VNA) - The RicePolicy and Management Committee of Thailand has announced rice stock releaseplans and expects over 34 million tonnes of rice throughout this year.
The Rice Policy and ManagementCommittee on May 27 approved a project to provide over 180 million THB infunding to help farmers with rice harvests and quality improvement costs forthe 2016-2017 season.
Over 34 million tonnes of rice areexpected throughout this year, no fewer than 10 million tonnes of which will beexported.
The Rice Policy and ManagementCommittee, chaired by Prime Minister Prayut Chan-o-cha, approved in principlethe integrated production and marketing plans for 2019/2020 season. The planswill be implemented with regards to the demand and supply mechanism, export,domestic consumption, industrial uses and seedlings. Rice production intargeted areas will be improved and promoted for the 2019/2020 season whiledomestic marketing will be developed and the rice harvest and qualityimprovement costs will be shared.
A total of 28,792 farmers haveregistered for the slowed rice harvesting and compensation pay project, whichamounted to over 180 million baht for 2016/2017 season. The assistance measurewill be submitted to the cabinet for approval on May 28 or next week at thelatest.
Additionally, the Rice Policy andManagement Committee acknowledged the Ministry of Agriculture and Cooperatives’report on the projected production of over 34 million tonnes of rice throughoutthis year, accounting for a one to two million tonne increase from last year.The demands for export, domestic consumption, industrial raw materials andstoring are projected to amount to 32.48 million tonnes, no less than 10million tonnes of which will be bound for export.
Meanwhile, the Ministry of Commercehas released over 17.4 million tonnes of rice from its stock over the last fewyears with a small volume pending delivery.
The Marketing Organization forFarmers and Public Warehouse Organization are speeding up the release of ricefrom the untapped stock.-NNT/VNA
Thailand rice convention 2017 was held from May 28-30 by the Department of Foreign Trade in collaboration with related organisations from both the public and private sectors.
A committee considering the draft rice law of Thailand had showed optimism that a revised version of the bill will satisfy all relevant parties when it was put into the second debate at the National Legislative Assembly (NLA) on February 26.
The Thai Ministry of Agriculture and Cooperatives has joined hands with the German International Cooperation to launch the Thai Rice NAMA campaign to improve farming efficiency and reduce greenhouse gas emissions for sustainable development, piloting first in six provinces.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Source: www.thaivisa.com) 
