Area
Thailand
Commodity Group
Rice
Commodity
All
Date
27/06/2017
Policy Category
Production
Policy Instrument
Production support
Description
Approved a budget of THB 1.84 billion (USD 54 million) to extend crop insurance for the 2017 main paddy crop. Under the programme, compensation for damages caused by natural disasters would be raised by 13 percent to THB 1 260 per rai (USD 232 per ha) and by 14 percent in the case of pest or disease related losses to THB 630 per rai (USD 116 per ha). Insurance premiums would also be lowered by 9 percent to THB 97.37 per rai (USD 18 per ha). The scheme is expected to cover up to 30 million rai (4.8 million ha) of paddies and will run between 1 June 2017 to 31 August 2017, except in southern provinces, where it will be implemented until 15 December 2017.
Notes
Exchange rate as of 1 July 2017.
