AreaThailand

Commodity GroupRice

CommodityAll

Date01/11/2016

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionSet pledging prices for Hom Mali paddy to be applicable under the 2016 on-farm mortgaging programme. According to the decision, producers of Hom Mali paddy will receive THB 13 000 (USD 365) per tonne under the programme, inclusive of THB 2 000 (USD 56) outlay for harvesting and handling costs and THB 1 500 (USD 42) as compensation for storage costs. The scheme is to run from 1 November 2016 until 28 February 2017, targeting to cover 2.0 million tonnes of glutinous and fragrant paddy. Farmers not participating in the programme would still be eligible to receive the TBH 2 000 (USD 56) assistance for harvesting and quality improvements.

NotesExchange rates as of 1 December 2016.