AreaThailand

Commodity GroupRice

CommodityAll

Date27/04/2022

Policy CategoryProduction

Policy InstrumentProduction support, crop insurance,

DescriptionApproved a budget of THB 1.92 billion (USD 55 million) to implement its subsidized insurance scheme protecting rice producers from losses incurred as a result of natural disasters during the 2022/23 main crop cycle. Up to 4.6 million hectares of paddies nationwide are expected to be covered by the programme.

NotesExchange rate as of 15 May 2022.