Area
Thailand
Commodity Group
Rice
Commodity
All
Date
20/11/2019
Policy Category
Production
Policy Instrument
Production support
Description
Set aside funds to implement three schemes geared towards stabilizing paddy prices. Under the first scheme, covering up to 1.0 million tonnes of paddy, THB 1.5 billion (USD 47 million) would go to implementing a pledging programme for fragrant and glutinous paddy, under which farmers would receive THB 500-1 500 (USD 16-47) to cover the costs of a tonne of stored paddy. Under a second programme, which would cover up to 1.5 million tonnes of paddy, THB 562 million (USD 17 million) would be provided as credit to farmersÂ’ organizations purchasing paddy. Under the third programme, covering up to 4.0 million tonnes of paddy, THB 510 (USD 16) would be destined to provide a 3 percent interest subsidy to millers and traders who agree to store supplies for 2-6 months.
Notes
Exchange rate as of 15 May 2020.
