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22. November 2019

THAILAND: Jurin vows long-term support for rubber farmers

Commerce Minister Jurin Laksanawisit insisted on Friday (1 November 2019) that the income guarantee for rubber farmers would continue throughout the entire term of the government. He also promised to widen export markets to help farmers. “The scheme is the country’s first and it took only 98 days for the income guarantee policy to be implemented,” Mr Jurin said at an event staged to hand out cash to rubber farmers under the income guarantee scheme.

The government has allocated THB 24 billion to be given to rubber farmers to ensure they have a stable income until March next year. he Democrat minister said the income guarantee scheme, which is a flagship policy of the coalition partner, would be effective throughout the government’s term. Under the scheme, the price of good quality of rubber sheet will be guaranteed at THB 60 per kilogram, with THB 57 for latex and THB 23 for cup lumps. Eligible rubber output is limited to 24 rai per household.

Payments will be made bi-monthly through the Bank of Agriculture and the Agricultural Cooperatives to eligible growers. Mr Jurin said the government was working to increase income for rubber farmers including promoting local rubber consumption, finding emerging markets, and expanding export markets to countries such as Turkey and Germany.

Source: Daily “The Bangkok Post”, Bangkok 1 Nov 2019
(Syed Rashid Ali, Karachi, Pakistan)

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