Prayuth’s Cabinet Sends ฿17bln. Father Day’s Gift to Remedy Rubber Planters

A considerate move from the government to remedy the lower price in rubber price by approving a ฿17 billion project for rubber planters and agricultural institutions.

For months that rubber price kept decreasing lower than the market price. To remedy the rubber planters, the cabinet has approved the project of managing and balancing rubber price by injecting a total of ฿17 billion dividing into the following details:

  1. The project will support the agricultural institutions with ฿5 billion loans, using the fund from Bank for Agriculture and Agricultural Cooperatives. The bank will charge interest at a rate of 4%, while agricultural institutions only pay for 0.01% interest, and the government will cover the rest. The project period starts from December 1, 2018 to February 28, 2020.
  1. A compensation of ฿1,800/rai and not over 15 rai per person that owns the certificate of ownership in the area that have already been tapped.

 

The total budget of this project is ฿17,512734,883, and there are two shares that will be benefited from this project, which are Thai Rubber Latex Corporation (Thailand) Public Company Limited (TRUBB) and Sri Trang Agro-Industry Public Company Limited (STA).

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