AreaThailand

Commodity GroupRice

CommodityAll

Date27/10/2015

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionApproved a THB 40 billion (USD 1.1 billion) budget to assist producers at harvest time. The funds will serve to finance an interest rate cut for outstanding farmer loans, extend short-term loans at subsidised rates to cooperatives and other agricultural groups and to implement an on-farm mortgaging programme for 2.0 million tonnes of 2015 main-season fragrant paddy. The latter will run from November 2015 to February 2016, providing producers with THB 14 000 (USD 390) per tonne of Hom Mali paddy, for a maximum of THB 300 000 (USD 8 355), together with a THB 1 000 (USD 28) outlay to cover storage costs.