AreaThailand

Commodity GroupRice

CommodityAll

Date01/07/2013

Policy CategoryProduction

Policy InstrumentGovernment procurement

DescriptionRevoked the 20 percent price cut on paddy pledging prices, which had been approved twelve days earlier. Mortgaging prices will remain set at Baht 13 800 -15 000 (USD 444-482) per tonne for the remainder of the 2012/13 secondary-crop run of the program, scheduled to end on 15 September 2013. Pledging volumes will, however, still be subject to a value ceiling of Baht 500 000 (USD 16 100) per farming household.

NotesExchange rate as of 1 July 2013