{"id":10638,"date":"2023-11-14T17:06:25","date_gmt":"2023-11-14T17:06:25","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=10638"},"modified":"2023-11-14T17:48:11","modified_gmt":"2023-11-14T17:48:11","slug":"thailand-approves-1-55-billion-for-rice-farmers-raises-domestic-sugar-price","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/thailand-approves-1-55-billion-for-rice-farmers-raises-domestic-sugar-price\/","title":{"rendered":"Thailand approves $1.55 billion for rice farmers, raises domestic sugar price"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"830\" height=\"468\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/2023-11-14t043824z_1_lynxmpejad05v_rtroptp_3_global-sugar.png\" alt=\"\" class=\"wp-image-10659\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/2023-11-14t043824z_1_lynxmpejad05v_rtroptp_3_global-sugar.png 830w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/2023-11-14t043824z_1_lynxmpejad05v_rtroptp_3_global-sugar-600x338.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/2023-11-14t043824z_1_lynxmpejad05v_rtroptp_3_global-sugar-300x169.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/2023-11-14t043824z_1_lynxmpejad05v_rtroptp_3_global-sugar-768x433.png 768w\" sizes=\"(max-width: 830px) 100vw, 830px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Bags of sugar are on display at a supermarket in Bangkok, Thailand, January 22, 2019. Picture taken January 22, 2019. REUTERS\/Athit Perawongmetha\/File Photo<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BANGKOK :Thailand&#8217;s cabinet approved 56 billion baht ($1.55 billion) of handouts to rice farmers and increased the price of domestic sugar by 10 per cent, officials said on Tuesday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The measures for rice farmers includes a 1,000-baht handout for farmers for each rai (0.16 hectares) of land, but not exceeding 20 rais, government spokesperson Radklao Inthawong Suwankiri said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The scheme is expected to benefit 4.68 million households, she said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The support programme is in addition to 55 billion baht worth of loans approved last week to help farmers hurt by low prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cabinet on Tuesday also approved a 10 per cent increase in domestic sugar prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The move comes weeks after the government reversed a 20 per cent price increase in domestic sugar prices and classified it as a controlled good, which requires additional approval for exports of more than 1 metric ton.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;This is appropriate action taking into account sugar cane farmer expenses,&#8221; Commerce Minister Phumtham Wechayachai told reporters.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thailand is the world&#8217;s second-largest exporter of sugar after Brazil.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thai sugar output has been hit by drought and the country is this year is expected to produce 8 million tons, of which 2.5 million tons will be consumed domestically and 5.5 million tons will be exported, government data shows.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last year, the country exported 7.69 million tons of sugar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">($1 = 36.1000 baht)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bags of sugar are on display at a supermarket in Bangkok, Thailand, January 22, 2019. Picture taken January 22, 2019. REUTERS\/Athit Perawongmetha\/File Photo BANGKOK :Thailand&#8217;s cabinet approved 56 billion baht ($1.55 billion) of handouts to rice farmers and increased the price of domestic sugar by 10 per cent, officials said on Tuesday. The measures for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10660,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[324,313,218],"class_list":["post-10638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-farmers-place","tag-global-rice-prices","tag-rice-farmers","tag-rice-farming"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thailand approves $1.55 billion for rice farmers, raises domestic sugar price - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thailand approves $1.55 billion for rice farmers, raises domestic sugar price - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Bags of sugar are on display at a supermarket in Bangkok, Thailand, January 22, 2019. Picture taken January 22, 2019. REUTERS\/Athit Perawongmetha\/File Photo BANGKOK :Thailand&#8217;s cabinet approved 56 billion baht ($1.55 billion) of handouts to rice farmers and increased the price of domestic sugar by 10 per cent, officials said on Tuesday. 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