News Non-Life20 Aug 2019

Thailand:Minister proposes price insurance for rice farmers

Thailand's commerce minister Jurin Laksanawisit has proposed a price insurance scheme for five types of rice based on a resolution from a recent meeting chaired by farmers' representatives, rice trade associations and state officials. The insurance seeks to help farmers deal with the lower price of crops as it offers compensation if market prices are below the benchmark, reported local publication Bangkok Post.

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