The Ministry of Agriculture and Cooperatives (MOAC) will begin the distribution of the relief fund payment for rubber farmers on the 15th of November 2014.
The MOAC Minister Peetipong Phuengbun na Ayutthaya said that the payment will begin on 15 November at the rate of 1,000 baht per rai (16 ares) with each household limited to a maximum rate at 15 rai (240 ares) per household.
The payment was delayed due to the inspection and verification process of each farmer’s agricultural land.
The MOAC will present the regulations and requirements to the cabinet tomorrow for consideration. The MOAC has also ordered the Office of Agricultural Research and Development to conduct the research and further push more rubber products into the industrial market.
The MOAC Minister also mentioned that there will be a meeting in Kuala Lumpur during the 20th-21st of November 2014 between prominent rubber producing countries, which includes Thailand, Malaysia, and Indonesia, and smaller rubber producing countries to set the direction of future rubber production and trade in the global market.
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