Thai Cabinet Approves 58.9 Billion Baht Rice Price Support Package
The Thai government has launched a 58.9 billion baht initiative to stabilize rice prices and promote high-quality production.
On October 20, 2026, the Thai Cabinet approved a comprehensive package of five measures aimed at supporting rice prices, with a total budget allocation of 58.9 billion baht. According to Deputy Government Spokesperson Lalida Peritwatthana, the initiative is designed to manage market supply by delaying the sale of 3 million tons of rice and providing financial support to cooperatives for purchasing crops from farmers.
This policy is intended to bolster the agricultural sector by encouraging the production of high-quality rice, which the government hopes will lead to increased income for farmers. For residents and those involved in the local economy, this move represents a significant state intervention to prevent price volatility during the harvest season. The stabilization of rice prices is a critical factor in maintaining the cost of living and supporting the livelihoods of a large portion of the rural population.
While the government has confirmed the budget and the primary objectives of the five measures, specific details regarding the implementation timeline for each individual measure and the exact criteria for cooperative participation remain to be fully clarified. Observers will be watching to see how effectively these funds are distributed and whether the market responds as intended to the supply management strategy.
