Check the conditions of the price difference insurance for 12 months, paid after the new year.


BAAC informs the transfer of the difference between paddy income insurance, the 12th installment, payable after January 4, 65, check the conditions of rice type – compensation price per ton

On January 2, 2022, Ms Mallika Boonmeetrakul Mahasuk, Advisor to the Minister of Commerce said that Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce Follow up on the continuous farmer income insurance project.

Recently, inform the farmers, especially the farmers, who report the harvest falls on the 11-12th period, the 2021/2022 rice crop at the latest margin, which is the payment of the difference in the price of rice to those who know it. The 3rd year rice farmers income insurance program has guaranteed the price of 5 types of paddy as follows:

  • Hom Mali Paddy, 15,000 baht per ton, not more than 14 tons
  • Hom Mali Paddy, outside the area, 14,000 baht per ton, not more than 16 tons
  • Paddy rice 10,000 baht per ton, not more than 30 tons
  • Pathum Thani fragrant paddy, 11,000 baht per ton, not more than 25 tons
  • Glutinous paddy, 12,000 baht per ton, not more than 16 tons

For the 12th period, Mr. Wattanasak Sueaiam, Director-General of the Department of Internal Trade As the chairman of the subcommittee on supervision and determination of the central benchmark, has announced the approval of the benchmark price. For farmers registered to plant rice, specifying the expected harvest date from December 24-30, 2021, amounting to 5 types, namely jasmine paddy. Jasmine rice paddy outside the area Pathum Thani Fragrant Rice paddy and glutinous rice

Criteria for paying the difference in paddy price insurance for the 12th installment

For the reference base price and the payment of the difference, the 12th installment is:

  • Hom Mali Paddy, price 11,221.50 baht per tonne, 3,778.50 baht per tonne compensation.
  • Hom Mali paddy outside the area, price 10,895.61 baht per ton, compensation of 3,104.39 baht per ton.
  • Pathum Thani fragrant paddy, price 9,925.94 baht per ton, compensation of 1,074.06 baht per ton.
  • Paddy, price 8,191.25 baht per tonne, compensation of 1,808.75 baht per ton.
  • Glutinous paddy, price 9,511.47 baht per tonne, 2,488.53 baht per tonne compensation.

In the 12th installment, farmers will receive the difference for the 12th installment, the highest as follows: Hom Mali paddy at 52,899 baht, Hom Mali paddy outside the area 49,670.24 baht, Pathumthani fragrant paddy 26,851.50 baht, non-glutinous paddy 54,262.50 baht, and glutinous paddy 39,816.48 baht.

Criteria for paying the difference in paddy price insurance for the 11th period

As for the 11th installment, it was resolved to pay the difference to farmers who registered rice growers for the 2064/65 production year, specifying the expected date of harvesting from December 17-23, 2021 and the median price was announced on December 24, 2021 or earlier, the latest period of 1 week, with reference median price as follows:

  • Hom Mali Paddy, price 11,200.61 baht per tonne, 3,799.39 baht per tonne compensation.
  • Hom Mali paddy outside the area, price 10,867.60 baht per ton, compensation of 3,132.40 baht per ton.
  • Pathum Thani fragrant paddy, price 9,936.67 baht per ton, compensation of 1,063.33 baht per ton.
  • Paddy rice price 8,154.29 baht per tonne, 1,845.71 baht per tonne compensation
  • Glutinous paddy, price 9,316.15 baht per ton, compensation of 2,683.85 baht per ton.

Farmers will receive the difference for the 11th installment, the highest as follows: Hom Mali paddy at 53,191.46 baht, Hom Mali paddy outside the area 50,188.40 baht, Pathumthani fragrant paddy at 26,583.25 baht, rice paddy at 55,371.30 baht, and glutinous paddy at 42,941.60 baht.

“The difference in payment of the income insurance scheme in the 3rd year remains the same. The Bank for Agriculture and Agricultural Cooperatives (BAAC) will transfer funds to farmers’ accounts within 3 working days after the median price is announced. by farmers who received the 11th installment or those who informed the rice harvesting between 17-23 December 2021, today the money has already been credited to your account. As for the 12th installment, the average price was announced on December 30, 2021, after which it was a public holiday. Therefore, the difference will be paid after the opening of the new year after December 4, 2022.”

Read the original news: Check the conditions for the difference in the price of paddy insurance for 12 installments, paid after the new year.


Source: ประชาชาติธุรกิจ by www.prachachat.net.

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