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Commercial start, paying the difference, ensuring the income of 1.8 million rubber producers
Date Dec 11, 2020 at 4:42 PM
Phangnga – Minister of Commerce Field Trip “Launch” Pays Difference to Insurance Revenues of 1.8 Million Rubber Producers Simultaneously Across the Country Today
On December 11, 2020, Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce visited Phang Nga province, presided over the “INITIAL payment of income insurance for rubber producers” in the income insurance scheme. Rubber Producers (Rubber Insurance) Phase 2 at Thai Mueang District Office For the representative of rubber producers in Phang Nga Province, with Mr. Boonterm Renumas, Deputy Governor of Phang Nga Province, Mr. Kantawan Tantianchanyavivat The Chairman of the Committee on Agriculture and Cooperatives, Mr. Nakorn Phakwirapat, the Governor of Rubber of Thailand and government officials attended the ceremony.
There are 1,834,087 farmers who are eligible to participate in Phase 2 of the Income Insurance Program for Rubber Producers, divided into 1,142,294 rubber planters registered with the RAOT. The number of 419,060 people and extractors registered in RAOT amounts to 272,733, the payment of the difference will be divided into 6 monthly installments from October to March, with the first payment starting on the 11th. This December at the same time throughout the country It is the direct payment through the BAAC account, the owner of the rubber plantation and the person who extracts rubber who has passed phase 1 of the project that are qualified. Those who register before August 12, 2019 will receive the first payment on December 11.
For additional rubber producers registered as of August 13, 2019 but no later than May 15, 2020, the RAOT has reviewed and submitted information on the payment of the income insurance difference under the project to the Bank. To pay money to rubber producers in the next round, the condition must be a 7-year rubber plantation with open extraction, no more than 25 rai per individual share of income. If the owner of the garden is taking advantage, he will receive the difference in the insurance of the total amount. In case of hiring of rubber threading The rubber planter will obtain 60% and the extraction will obtain 40% of the total income.
Mr. Nakorn Pathakwirapat, Governor of Rubber Thailand, said he welcomes rubber producers. Receive money Farmer’s income insurance program, period in which the price of rubber has improved to exceed the price of income insurance. But if the price falls below the insurance price You will receive the difference immediately According to the budget the Cabinet has set a limit of more than 10 billion baht and from the beginning to the beginning of next year, the price of rubber is expected to be positive at the over 60 baht level due to increased demand in the world market. Of the products required in the COVID-19 scenario
For project purposes, it is a hedge for rubber producers during rubber price volatility. This project aims to help all groups of rubber producers. 10,042 million baht budget limit. In December It will be paid simultaneously in two installments It is the period of October and November Considered as a New Year’s gift for farmers. By announcing the average price for this period, you will be compensated by 2 types: rubber cup AND only fresh latex Because raw latex benefits from the high price of rubber that already exceeds income insurance
However, the difference payment for the first phase of the rubber producer’s income insurance program for the first period of October 2020 will be used to determine the rubber reference price for the last 60 days, that is, from the September 25 to November 23, 2020 for the price of rubber. The average raw sheet is 62.62 baht / kg, the price of fresh latex is 52.86 baht / kg, the offset is 4.14 baht / kg, and the price of the rubber lump (DRC 50%) is 19.09 baht / kg, offset by 3.19 baht / kg. Ensuring income according to each type of production, including good quality raw rubber sheets, safe price 60 baht / kg, fresh latex (DRC 100%), insurance price 57 baht / kg, and cup-shaped rubber ( DRC 50%), insurance price 23 baht / kg. The reference price will be announced every month.
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