AreaThailand

Commodity GroupRice

CommodityAll

Date08/11/2016

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionDecided to extend on-farm mortgaging programme for 2016 main crops to white and Pathum Thani fragrant paddy, allocating THB 18 billion (USD 506 million) for the purpose. Participating farmers will receive THB 10 500 (USD 295) per tonne white paddy pledged and THB 11 300 (USD 317) per tonne of Pathum Thani fragrant paddy. The mortgaging prices are inclusive of storage, harvesting and quality improvement incentives. Up to 1 million tonnes of Pathum Thani fragrant and white paddy are anticipated to be mortgaged under the scheme.

NotesExchange rates as of 1 December 2016.