The Thai government is committed to fair prices for farmers and stabilization of the agricultural market
One of Prime Minister Srettha Thavisin's key advisors, Supakorn Kongsomchit, recently presented the government's detailed strategy for stabilizing Thailand's agricultural markets. This approach aims to increase incomes for farmers producing essential crops such as rice and crude rubber, without leading to increases in consumer prices.
The strategy involves thoughtful management of market mechanisms to reduce excessive profit margins previously enjoyed by intermediaries. This will ensure that farmers receive fair prices for their products, while keeping costs low for consumers. This policy aims to reduce financial pressure on farmers by limiting the role of intermediaries, who often provide informal loans and sell agricultural inputs on credit.
With improved incomes, it is expected that farmers will be less dependent on these middlemen, allowing them to escape the vicious cycle of debt that affects many agricultural workers. This policy is specifically designed to improve the living standards of farmers, which would allow them to invest more in their personal and professional development.
Supakorn emphasized that given that nearly 40 million Thais are engaged in agriculture, the success of these measures could have far-reaching positive effects. It will not only increase economic resilience, but also promote social stability in rural areas.
About this blogger
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Known as Khun Peter (62), lives alternately in Apeldoorn and Pattaya. In a relationship with Kanchana for 14 years. Not yet retired, have my own company, something with insurance. Crazy about animals, especially dogs and music.
Enough hobbies, but unfortunately little time: writing for Thailandblog, fitness, health and nutrition, shooting sports, chatting with friends and some other oddities.
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Nothing new under the sun.
Farmers everywhere are getting poor prices.
The middlemen are the culprits and price gougers.
And consumers pay a fair price for products.
The farmer gets a pittance for rice per kilo, but it is not cheap in the supermarket.
Just like potatoes in the Netherlands, the farmer pays 10 cents per kilo and in the supermarket €1,35 per kilo
Gr. Arno