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The Permanent Secretary of Agriculture hijacked the progress of income insurance payments for rubber producers, Phase 2, speeding up understanding and allowing RAOT to examine the information from the BAAC shipping area faster
Mr. Nakorn Phakwirapat, Governor of Rubber of Thailand (RAOT) revealed that at the Executive Committee meeting of the Rubber Farmers Income Insurance Program, Phase 2, with Dr. Thongplao Kongchan, Permanent Secretary of the Ministry of Agriculture and Cooperatives. The president called on all relevant parties to speed up understanding of the payment regulations for farmers, rubber planters who are eligible for the project.
In which RAOT will accelerate to investigate additional areas of rubber plantations To present information on the payment of the difference to guarantee income according to the project To the Bank of Agriculture and Agricultural Cooperatives (BAAC) to deposit money in the account of the farmer it soon as possible
The Cabinet Resolution of November 3, 2020 approved the project. What the income insurance will pay For a total period of 6 months, from October 2020 to March 2021, within the budget of more than 10 billion baht
For income insurance, the price set by the project is the price of good quality raw rubber sheet 60 baht / kg, the price of fresh latex 57 baht / kg, and the price of lump rubber (50% DRC) 23 baht / kg. October 2020 sets the reference price for the last 60 days, from September 25 –
23 November 20
The average price of raw rubber sheets is 62.62 baht / kg, the price of fresh latex is 52.86 baht / kg, the compensation is 4.14 baht / kg, and the price of cubes of rubber (50% of the DRC) is 19.09 baht / kg, which offsets 3.19 baht. / kg.
As for farmers who have completed the first phase of the income insurance program, (Register before August 12, 2019) when the Phase 2 project starts to approve the payment of income insurance You will be able to deposit money in the account immediately . For farmers who have registered more since August 13, 2019, but no later than May 15, 2020
Farmers participating in the project You must open a savings account with BAAC Bank only in your own name. It is forbidden to be an account opened jointly or open for other people to avoid transferring money to the wrong account.
In addition to the income insurance program which aims to help rubber producers, and RAOT also urges other measures at the same time With a project to delay rubber sales from the Northern Rubber Farmers Institute, supporting rubber producers to to manage their own rubber stocks. The price range of rubber fluctuates and it is for sale at a reasonable price.
RAOT will support loans through the rubber market. Including a project to promote rubber plantation according to sustainable forest management standards Create a rubber plantation standard in Thailand Enter the sustainable forest management system according to international principles Increase the value of rubber wood with a target for 2019 -2021 to 400,000 rai
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