It's easy to be cynical about politics and policy when decisions are seemingly made day-by-day, with hardly any rhyme or reason.
Last week, the government finally recalibrated its slide rule after more than two years and came to the decision that paying 15,000 baht a tonne for paddy rice was simply unsustainable. This after incurring losses of nearly 220 billion baht from the purchase of nearly every single grain of rice harvested over the past three crops. The new pledging price, at 12,000 baht per tonne of paddy or 20% lower, was to help stem the fiscal bleeding while continuing to offer surety for the country's rice farmers, so the government said.
But over the weekend, the government reversed course, and announced that the 15,000-baht price would stand until mid-September, to give farmers the chance to harvest their existing crop based on the previous terms of the pledging programme.
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