Trade and markets
 

Detail

Area
Thailand
Commodity Group
Rice
Commodity
All
Date
01/08/2013
Policy Category
Production
Policy Instrument
Government procurement, support prices
Description
Approved the extension of the Paddy Pledging Program for 2013/2014 crops with a budget of Baht 270 billion (USD 8.6 billion). Pledging prices for the main-season round of the programme, which is to run between 1 October and 2013 and 28 February 2014, will remain unchanged at Baht 15 000 (USD 478) per tonne, but mortgaged amounts will be subject to a lower value ceiling of Baht 350 000 (USD 11 155) per farm household, down from a previous ceiling of Baht 500 000 (USD 15 935). For the off-season round of the programme, mortgaging prices will be cut to Baht 13 000 (USD 414) per tonne, with the value ceiling further reduced to Baht 300 000 (USD 9 561) per household. The measures are expected to keep total quantities pledged under the programme at 16.5 million tonnes.