BANGKOK (Commodity Online): Thai government has introduced standard price pattern for rice that to be used as a reference under the government's price-guarantee scheme in order to maintain price stability and subsidy.

Permanent-Secretary of the Commerce Ministry, Siripol Yodmuangcharoen said the special price would be announced every seven or 15 days and this would facilitate a better payment to farmers from millers and traders.

So far, the government has guaranteed the prices for white Paddy rice at Bt10,000 PMT and Bt15,300 for jasmine rice, he said.

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The National Rice Policy Committee, chaired by Prime Minister Abhisit Vejjajiva, will be meeting soon to make a decision on whether recommendations should be announced every seven or 15 days. The first recommendation should be announced before the price-guarantee project kicks off on October 1.

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