AreaThailand

Commodity GroupRice

CommodityAll

Date30/04/2018

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAllotted a budget of THB 1.67 billion (USD 51.2 million) to implement a 10-year loan scheme for rice farmers and farmer groups constructing storage facilities. The programme aims to avert declines in local prices at harvest time by encouraging farmers to delay their paddy sales. Under the scheme, rice farmers will be able to borrow up to THB 150 000 (USD 4 660) and farmer groups up to THB 3 million (USD 93 120), with the Government providing a 3 percent rebate on these loans\' interest for the first five years.

NotesExchange rate as of 15 June 2018.