Area
Thailand
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/03/2019
Policy Category
Production
Policy Instrument
Agricultural policy
Description
Renewed direct payments to small-scale oil palm growers, in a bid to help shield them from depressed market prices.
Notes
The Thai Government renewed its assistance to oil palm growers affected by depressed local prices resulting from excess domestic production and the protracted weakness in global prices. Beneficiaries will receive direct payments of THB 1 500 per rai (USD 7.51 per hectare), with a cap of 15 rai (2.4 ha) per household. Reportedly, 100 000 growers will benefit from the new campaign (following a previous campaign that reached 150 000 households).
