AreaThailand

Commodity GroupRice

CommodityAll

Date14/06/2016

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionApproved a budget of THB 6.8 billion (USD 193 million) to implement an on-farm mortgaging programme for fragrant and glutinous paddy from northern and north-eastern provinces. The scheme will be run between May and December 2016, also providing traders and processors with an interest rate cut to encourage them to store paddy for up to six months.

NotesExchange rate as of 1 July 2016.