A rice farmer uses a motorised plough to prepare a flooded paddy field for planting, near the Mun River in tambon Tha Luang of Phimai district, Nakhon Ratchasima. (Photo:Bangkokpost.com)
Bangkok (VNA) - The Thai Cabinet on November 30 set asidemore than 140 billion THB (over 4billion USD) for rice price guarantee in the 2021-2022 fiscal year.
In August, the Thai Government approved in principle theextension of the rice price guarantee programme for the 2021-2022 crop for thethird consecutive year, pledging to spend 152 billion THB on this programme.However, Prime Minister Prayut Chan-o-cha said the allocation was too high. He hasasked the concerned agencies to set up a more appropriate budget and then submitit to the Cabinet for approval.
This year Thailand expects to export about 6 milliontonnes of rice as targeted because exporters have received many orders.
The trade ministry expects rice exports to pick up in the final quarter, driven largelyby a weaker baht, making Thai rice more competitive and prompting higher globaldemand.
Rice exports started improving in June, helped by largerpurchases from China, the Philippines, Cameroon, Malaysia, Mozambique andSingapore.
Thailand's rice exports tallied 3.81 million tonnes in the firstnine months this year, down 6.6 percent from the same period last year, withan export value of 2.23 billion USD, a year-on-year decrease of 18.3 percent.
Thai rice production is expected to increase in the 2021/𝓡2022harvest season, with milled rice production estimated at 20 million tonnes, upfrom 17 million tonnes in the 2020/2021 season.In 2020, the Southeast Asian country exported only 5.7 million tonnes ofrice./.
Thailand’s rice exports plunged by 23 percent year-on-year in the first quarter of 2021 to 1.13 million tonnes due to its higher prices than those of competitors.
Thailand is on track to meet its target of exporting 6 million tonnes of rice this year thanks to factors such as higher output, a weaker baht and an anticipated upstick demand.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
A rice farmer uses a motorised plough to prepare a flooded paddy field for planting, near the Mun River in tambon Tha Luang of Phimai district, Nakhon Ratchasima. (Photo:Bangkokpost.com) 
