AreaThailand

Commodity GroupRice

CommodityAll

Date12/04/2017

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionApproved a budget of THB 26 billion (USD 764 million) to implement three programmes geared at improving the quality and quantity of rice produced between 2017 and 2021. Under the schemes, high-quality jasmine rice seeds would be provided to 60 000 rice-farming households at a subsidized price of THB 10 per kg (USD 294 per tonne) for up to 5 rai (0.8 ha). A subsidy of THB 9 000 per rai (USD 1 654 per ha) for up to 15 rai (2.4 ha) would also be provided to promote organic farming over three years. Joint land management would be encouraged in order to reduce production costs and increase productivity, with seeds, agricultural machinery and organic fertilizers also provided.

NotesExchange rate as of 1 July 2017.