Benchmark prices for new rice options programme approved

       The benchmark prices for Hom Mali paddy under the government's new rice option programme have been set at 15,300 baht per tonne. Prices for general provincial fragrant rice were set at 14,300 baht, glutinous paddy at 9,500 baht and second-crop paddy at 10,000 baht.
       However, Commerce Minister Porn-tiva Nakasai said officials were still debating a change in programme criteria,from a maximum of 20 tonnes of paddy per farm family, to a maximum value of 350,000 baht instead.
       The benchmark is 10,000 baht per tonne for 15%-moisture white rice paddy.Farmers' production costs are estimated at 6,000 to 7,000 baht per rai for white rice and 11,096 baht for Thai HomMali.The buying price covers all costs and allows around 30-40% profit.
       The government will guarantee the prices quoted. If farmers sell to millers or exporters for less, the government will pay them the difference.