AreaThailand

Commodity GroupRice

CommodityAll

Date01/10/2012

Policy CategoryProduction

Policy InstrumentGovernment procurement, support prices

DescriptionApproved a budget of USD 7.7 billion (bath 240 billion) to extend the Paddy Pledging Program to 2012/2013 main season crops. The programme is to run between, 1 October 2012 and 28 February 2013, with a mortgaging target of 15.0 million tonnes of main crop paddy. Farmers will continue receiving between USD 446-646 (baht 13 800-20 000) per tonne of paddy, without limits on quantities pledged set.