The cabinet on Tuesday approved price guarantee schemes for rice, tapioca and corn for the 2021-22 season under a budget of 27 billion baht, Commerce Minister Jurin Laksanawisit said.
Of that money, 18 billion baht has been earmarked for five main types of rice, 7.1 billion baht for tapioca and the remaining 1.9 billion baht for corn, he said.
The price guarantee schemes for the 2021-22 season will use the same criteria as the previous season, he said, noting that this is the third consecutive year of the programmes' operation.
The 2021/22 season will run from October to February next year.
According to Mr Jurin, the current prices of tapioca and corn are above the guaranteed prices.
He said that rice prices dropped, which could have been due to uncertainty over whether the price guarantee scheme would be extended.
