AreaThailand

Commodity GroupRice

CommodityAll

Date08/09/2022

Policy CategoryProduction

Policy InstrumentProduction support, support prices

DescriptionApproved a budget of up to THB 150.1 (USD 3.9) billion to support rice farmers during the 2022/23 season. Under the plan, THB 86.7 (USD 2.3) billion would be destined to implement the Rice Price Guarantee Programme during the 2022/23 season. The scheme would keep volume ceilings and guaranteed prices for supplies unchanged at THB 15 000 (USD 392) per tonne of Hom Mali paddy, for a maximum of 14 tonnes or 40 rai cultivated (6.4 ha) per farming household; at THB 14 000 (USD 366) per tonne of provincial fragrant paddy for up to 16 tonnes or 40 rai; at THB 11 000 (USD 288) per tonne of Pathum Thani fragrant for up to 25 tonnes or 40 rai; at THB 12 000 (USD 314) per tonne of glutinous paddy for a maximum of 16 tonnes or 40 rai; and at THB 10 000 (USD 262) per tonne of white paddy for up to 30 tonnes or 40 rai cultivated per farming household. The balance of funds would go to outlays to help producers cover production costs and quality improvements, to encourage farmers to delay sales and to finance interest subsidies for millers and traders who agree to store supplies at harvest time.

NotesExchange rate as of 15 October 2022.