AreaThailand

Commodity GroupRice

CommodityAll

Date24/02/2016

Policy CategoryProduction

Policy InstrumentProduction support, production adjustment program

DescriptionApproved a budget of THB 10 billion (USD 284 million) to cover rice interventions during the 2016 season. The majority of the funds will be destined to price stabilisation measures, namely extending loans to farmers storing paddy. Nonetheless, as officials seek to keep paddy output at 27.0 million tonnes during the season, THB 3.3 billion (USD 94 million) of this outlay will go to encouraging cultivation of alternative crops or premium rice varieties, while also promoting the consolidation of holdings, as a means to cut production costs.

NotesExchange rate as of 1 April 2016.