AreaThailand

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date01/03/2019

Policy CategoryProduction

Policy InstrumentAgricultural policy

DescriptionRenewed direct payments to small-scale oil palm growers, in a bid to help shield them from depressed market prices.

NotesThe Thai Government renewed its assistance to oil palm growers affected by depressed local prices resulting from excess domestic production and the protracted weakness in global prices. Beneficiaries will receive direct payments of THB 1 500 per rai (USD 7.51 per hectare), with a cap of 15 rai (2.4 ha) per household. Reportedly, 100 000 growers will benefit from the new campaign (following a previous campaign that reached 150 000 households).