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211660
Fri, 10/07/2011 - 11:03
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http://m.oananews.org//node/211660
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Thai government kicks off rice mortgage scheme
BANGKOK, October 7 (TNA) - Thai Prime Minister Yingluck Shinawatra opened the crop mortgage centre on Friday when the government also started its implementation of the rice mortgage scheme in 29 provinces which are not flooded; while the scheme in flood-affected provinces will be implemented later.
The new centre is tasked with managing the Pheu Thai Party-led administration's rice mortgage scheme with its real-time nationwide information network. The centre will, from now on, daily record information on Thailand's paddy prices, rice yields, rice farmers, rice mills, rice market and rice warehouses participating in the mortgage scheme, as well as the amount of pledged rice, the milling of rice and the amount of rice stored at the warehouses so that swift decisions can be made by Thai authorities concerned to ensure effective management of the mortgage scheme across the country.
The Thai premier noted that the mortgage centre will serve the mortgage of not only locally-grown rice, but also other kinds of economic crops, including cassava and maize, and it will also receive updated information on consumer products' prices nationwide on a weekly basis.
Meanwhile, Thai Permanent Secretary for Commerce Yanyong Puangraj warned local farmers not to let anybody else claim their mortgage right because that would be tantamount to a crime and local rice millers not to breach regulations; otherwise, they would be blacklisted permanently and prosecuted and also urged local police to block any unauthorized transportation of rice by farmers to claim the mortgage privilege outside their respective provinces. (TNA)
The new centre is tasked with managing the Pheu Thai Party-led administration's rice mortgage scheme with its real-time nationwide information network. The centre will, from now on, daily record information on Thailand's paddy prices, rice yields, rice farmers, rice mills, rice market and rice warehouses participating in the mortgage scheme, as well as the amount of pledged rice, the milling of rice and the amount of rice stored at the warehouses so that swift decisions can be made by Thai authorities concerned to ensure effective management of the mortgage scheme across the country.
The Thai premier noted that the mortgage centre will serve the mortgage of not only locally-grown rice, but also other kinds of economic crops, including cassava and maize, and it will also receive updated information on consumer products' prices nationwide on a weekly basis.
Meanwhile, Thai Permanent Secretary for Commerce Yanyong Puangraj warned local farmers not to let anybody else claim their mortgage right because that would be tantamount to a crime and local rice millers not to breach regulations; otherwise, they would be blacklisted permanently and prosecuted and also urged local police to block any unauthorized transportation of rice by farmers to claim the mortgage privilege outside their respective provinces. (TNA)
