Area
Thailand
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/02/2021
Policy Category
Production
Policy Instrument
Agricultural policies
Description
Renewed its price guarantee programme for palm oil, which entails cash compensations to registered oil-palm farmers whenever the market price for fresh palm fruit drops below a guaranteed level.
Notes
THAILAND farmer support: In February, the Government renewed its price guarantee programme for palm oil, with a total allocation of THB 8.8 billion (USD 280 million). As in past years, the funds will be used to provide cash compensations to registered oil palm farmers whenever the market price for fresh palm fruit drops below the Governments guaranteed level of THB 4 per kg (US 13 cents). (See also MPPU Nov.19 & Jan.20)
