Minister pointed out that maize prices remained high. The income guarantee budget is at 700 million, hoping to knock Palm compensation in time for the cabinet.
Mr. Udom Srisomsong Deputy Director-General of the Department of Internal Trade revealed that after the Cabinet (Cabinet) on March 14, 2023, approved in principle the income insurance program for maize farmers in the year 2022/23 to help farmers according to the government’s urgent policy. Sub-Committee on Supervisory and Intermediate Criteria for Maize Farmers Income Insurance Project has considered the criteria, methods and conditions for the implementation of the corn farmer income insurance program for the year 2022/23 and set the reference price and price difference compensation according to the corn farmer income insurance program for the year 2022/23 (1st-5th installments) and on March 30th Has announced the benchmark price for periods 1-5 for farmers who notify the expected harvest date before November 20, 2022 to March 19, 2023. It appears that there are benchmark prices for periods 1-5 as follows: 11.33 baht per installment, 2nd installment 11.70 baht per kg, 3rd installment 12.35 baht per kg, 4th installment 12.66 baht per kg and 5th installment 12.33 baht per kg, all 5 installments having a higher price than the insurance price that kg. 8.50 baht per person, so there is no difference to compensate farmers
Mr. Udom said According to the Department of Foreign Trade, the United States Department of Agriculture Estimated world production of maize production year 2022/23 as of March 2023 has a total volume of 1,147.52 million tons, decreased from the expected volume as of February 2023 with a volume of 1,151.36 million tons or a decrease of 0.33% due to Argentina and The United States is affected by hot weather and drought. resulting in reduced productivity which is consistent with the information of representatives of the Thai Feed Mill Association It is expected that the price of maize for animal feed will continue to remain at a high level. by the Sub-Committee on Supervising and Determining the Central Reference Criteria for Maize for Animal Feed There will be consideration to determine the standard reference once a month until the end of receiving compensation under the project on October 20, 2023.
Mr. Udom said that 5 types of plants under the income insurance program. The request for a framework for the budget used in the project totals about 3.3 billion baht, with the cabinet having approved and implemented 3 crops, namely rice that has already paid compensation to farmers of 7.8 billion baht or 42% of the approved amount. Maize for animal feed and rubber are under process. For cassava, it will be proposed to the cabinet and palm oil. Wait for the resolution of the National Oil Palm Policy Committee (PPC) to agree in principle before submitting to the cabinet.