Trade and markets
 

Detail

Area
Thailand
Commodity Group
Rice
Commodity
All
Date
01/10/2011
Policy Category
Production
Policy Instrument
Government procurement, support prices
Description
Price pledging scheme reinstated, with a budget of Baht 435 billion (USD 14 billion). Producers permitted to pledge unlimited volumes of 2011/2012 main crop paddy under the programme, which is to run between October 2011 and February 2012 with prices of Baht 13 800–-15 000 (USD 446-484) per tonne of white rice, Baht 15 000 (USD 484) per tonne of short-grain glutinous rice, Baht 16 000 (USD 517) per tonne of long-grain glutinous or Pathum Thani rice, Baht 18 000 (USD 581) per tonne of provincial fragrant rice and Baht 20 000 (USD 646) per tonne of Hom Mali rice. The programme is also expected to be extended to cover 2011/2012 secondary paddy crops, harvested as of March 2012.