Prayuth Chan-ochaThere are reports indicating that the Thai Cabinet on Tuesday approved an increase in compensation for rice traders in 2016 by 204 million baht. It has also decided to extend the Village Fund program to 31 March next year or until the program’s budget is depleted. According to the Government Spokesman Mr  Sansern Kaewkamnerd narrated that  Prime Minister Prayut Chan-o-cha instructed all ministries to follow up on their projects and set periodic targets. It was also told that they should try to make the public see the results of their works clearly. In addition the PM asked national security units to ensure the public’s confidence in transportation, travel, economy and safety during the New Year holiday.

Further, in this regard, it was informed that as for the drought situation, Gen.Prayut acknowledged the country’s water information compiled by units in the district level. According to them, Thailand now has 21 billion cubic meters of water, of which 18 – 19 billion cubic meters are expected to be used by August – September next year. The 21 billion cubic meters are therefore considered as sufficient for the next dry season.The Cabinet stressed that a water used plan was necessary after the number of farmers who planted second-season rice did not decrease as expected.

As per report, it has also been indicated that the Cabinet gave nods to the 204-million-baht increase in compensation for rice traders due to the speculation that next year’s rice price will be lower than 8,000 baht/ton. In addition, the Village Fund program will be extended to 31 MarchShanti Agro Industries Pvt. Ltd. 2016 or until the 60-billion-baht budget is all used up so that potential villages will receive funding from the program.