Thai Cabinet Approves 120 Million Baht Support Package for Maize Prices
The Thai government has launched a four-part initiative to stabilize animal feed maize prices, allocating 120.3 million baht to manage 300,000 tons of produce.
According to Prachachat Business, the Thai Cabinet has officially approved a set of four measures aimed at stabilizing the price of animal feed maize. Deputy Government Spokesperson Lalida Peritwiwatana announced that the government has allocated a budget of 120.3 million baht to support this initiative. The primary objective of the program is to absorb 300,000 tons of maize from the market to prevent price volatility for farmers.
For residents and those involved in the agricultural sector, this move is intended to maintain market stability and support the livelihoods of maize producers during the harvest season. While the government has confirmed the budget and the volume of produce to be managed, specific details regarding the implementation timeline and the exact mechanisms of the four measures have not been fully detailed in the initial announcement.
Observers are waiting for further clarification from the Ministry of Commerce or relevant agricultural departments regarding how these funds will be distributed and when the market intervention will officially commence. As this is a government-led economic policy, it may influence local food supply chains and agricultural market conditions in the coming months. Further updates are expected as the policy moves from cabinet approval to operational execution.
