AreaThailand
Commodity GroupOilseeds, oils and meals
CommodityPalm oil
Date01/02/2021
Policy CategoryProduction
Policy InstrumentAgricultural policies
DescriptionRenewed its price guarantee programme for palm oil, which entails cash compensations to registered oil-palm farmers whenever the market price for fresh palm fruit drops below a guaranteed level.
NotesTHAILAND farmer support: In February, the Government renewed its price guarantee programme for palm oil, with a total allocation of THB 8.8 billion (USD 280 million). As in past years, the funds will be used to provide cash compensations to registered oil palm farmers whenever the market price for fresh palm fruit drops below the Governments guaranteed level of THB 4 per kg (US 13 cents). (See also MPPU Nov.19 & Jan.20)
