Area
Thailand
Commodity Group
Rice
Commodity
All
Date
27/08/2019
Policy Category
Production
Policy Instrument
Production support, support prices
Description
Approved a budget of THB 21.5 billion (USD 706 million) to implement the Rice Price Guarantee Programme. Under the scheme, in the event that market prices fall below guaranteed prices, farmers will receive the difference between the two. Guaranteed prices were set at THB 15 000 (USD 492) per tonne of Hom Mali paddy for a maximum of 14 tonnes or 40 rai cultivated (6.4 ha) per farming household, at THB 14 000 (USD 460) per tonne of provincial fragrant paddy for up to 16 tonnes or 40 rai, at THB 11 000 (USD 361) per tonne of Pathum Thani fragrant for up to 25 tonnes or 40 rai, at THB 12 000 (USD 394) per tonne of glutinous paddy for a maximum of 16 tonnes or 40 rai, and at THB 10 000 (USD 328) per tonne of white paddy for up to 30 tonnes or 40 rai cultivated per farming household. The programme will be effective for the 2019/20 main-crop cycle, starting from 15 October 2019, replacing previous support schemes that sought to stabilize paddy prices at harvest-time by encouraging farmers and traders to delay sales. Under a separate programme, rice producers will receive a payment of THB 500 per rai (USD 103 per ha) for up to 20 rai (3.2 ha) cultivated, in order to help them cover the costs of production during the 2019/20 main-crop cycle.
Notes
Exchange rate as of 15 October 2019.
