AreaThailand

Commodity GroupRice

CommodityAll

Date26/09/2023

Policy CategoryProduction

Policy InstrumentProduction support, finance and credit facilities

DescriptionApproved a three-year debt moratorium for farmers, at an estimated cost of THB 33 (USD 0.9) billion. Under the initiative, 2.7 million farmers with outstanding loans of up to THB 300 000 (USD 8 268) would have principal and interest payments suspended, with the first phase of the programme set to run from 1 October 2023 to 30 September 2024.

NotesExchange rate as of 16 October 2023.