Area
Thailand
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/11/2019
Policy Category
Production
Policy Instrument
Production support measures
Description
Released funds for assisting farmers in marketing their main crops, including palm oil. Interventions would be aimed at delaying the release of crops onto the market, thereby countering price declines after harvest time.
Notes
THAILAND producer support: As part of its FY 2020 budget, the Thai Government allocated THB 4.38 billion (USD 143 million) for assisting farmers in marketing their main crops, including palm oil. Reportedly, the funds will be used to delay the release of crops onto the market, thereby countering price declines after harvest time. (NB: the package is separate from the commodity-specific price guarantees and subsidy schemes approved in August 2019 see MPPU Sep.19).
