AreaThailand

Commodity GroupRice

CommodityAll

Date21/06/2016

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionApproved a budget of THB 45.6 billion (USD 1.3 billion) to assist rice farmers affected by drought. The initiative will provide 3.7 million rice-farming households with an outlay of THB 1000 per rai (USD 177 per hectare) for up to 10 rai (1.6 hectares), in addition to extending debt repayment periods for two years and lowering interest rates on loans provided by the Bank of Agriculture and Agricultural Cooperatives (BAAC). A separate THB 60 per rai (USD 11 per hectare) will be extended to producers availing themselves of crop insurance.

NotesExchange rate as of 1 July 2016.