Area
Thailand
Commodity Group
Rice
Commodity
All
Date
01/03/2013
Policy Category
Production
Policy Instrument
Government procurement, support prices
Description
Approved the extension of the Paddy Pledging Program for 2012/2013 off-season crops. Farmers will continue receiving between Baht 13 800-20 000 (USD 468-678) per tonne of paddy pledged, but will not be permitted to mortgage 18 types of low-quality, short-duration varieties. Mortgaged amounts will be additionally subject to a value ceiling of Baht 500 000 (USD 16 900) per farm household. Up to 7 million tonnes are officially anticipated to be mortgaged under the off-season run of the programme, between April and September 2013, for an estimated cost of Baht 105 billion (USD 3.6 billion).
Notes
Exchange rate as of 1 April 2013
