AreaThailand

Commodity GroupRice

CommodityAll

Date25/09/2018

Policy CategoryProduction

Policy InstrumentProduction adjustment programme

DescriptionApproved a budget of THB 461 million (USD 14 million) to encourage rice producers cultivating 2 million rai (320 000 ha) under irrigation across 33 provinces to grow maize during the 2018/19 offseason cycle. Under the programme, participating farmers would be provided with a THB 2 000 per rai (USD 380 per ha) loan at a subsidized interest rate of 0.1 percent, for up to 15 rai (2.4 ha), while officials would also take steps to facilitate maize sales at remunerative prices and offer crop insurance against natural disasters.

NotesExchange rate as of 15 October 2018.