AreaThailand

Commodity GroupRice

CommodityAll

Date25/11/2014

Policy CategoryProduction

Policy InstrumentGovernment procurement, support prices

DescriptionEndorsed a proposal for an on-farm mortgaging program to cover 2.0 million tonnes of fragrant and glutinous paddy from the 2014 main season harvest. The scheme is to run for four months, providing farmers Baht 14 400 per tonne (USD 438) of Hom Mali and Baht 11 700 (USD 356) per tonne of glutinous paddy, for a maximum of Baht 300 000 (USD 9 120) and a volume limit of 20 tonnes per household. A separate outlay of Baht 1 000 (USD 30) will be extended to cover storage costs through the scheme\'s duration.

NotesExchange rate as of 15 November 2014.