ANNOUNCEMENT 22 Apr 2016
On 22 April 2016, the Thai Ministry of Commerce announced a reduction in rice-growing zones to stabilise rice prices.
NUMBER OF INTERVENTIONS
The Nation, Rice cultivation zones to be reduced next week, 22 April 2016. Available at: http://www.nationmultimedia.com/business/Rice-cultivation-zones-to-be-reduced-next-week-30284461.html
Bangkok Post, Zoned first crop rice planting set at 55.8 million rai, 22 April 2016. Available at: https://www.bangkokpost.com/business/news/943633/zoned-first-crop-rice-planting-set-at-55-8-million-rai
On 21 April 2016, the Thai Ministry of Commerce announced a reduction in rice-growing zones to stabilise rice prices for the upcoming harvest season. The available area for rice harvest has been reduced from a total of 61.7 million rai to 55.8 million rai (9 hectares).
The amendment comes in the wake of an oversupply of rice, with affected areas reserved for other types of crops. In addition, the Ministry has encouraged rice mills to purchase paddy directly from the farmers in an effort to supplement the farmers' income and incentivise them to stop from further growing rice.
The amendment is in effect from May 2016.