Trade and markets
 

Detail

Area
Thailand
Commodity Group
Rice
Commodity
All
Date
04/07/2017
Policy Category
Production
Policy Instrument
Production support
Description
Approved a budget of THB 2.87 billion (USD 84 million) to promote production of rice grown organically and according to Good Agricultural Practices (GAP). The programme will be implemented between 2017 and 2021, with the aim of assisting producers find a market for 600 000 tonnes of organic paddy and 10.3 million tonnes of GAP certified paddy. For the purpose, it will provide a 3 percent interest subsidy on soft loans to entities agreeing to enter into purchase agreements with producers, provided that they pay 15 percent more than market prices for organic rice purchased or 4 percent more in the case of GAP certified rice.
Notes
Exchange rate as of 1 July 2017.