Thai Cooperatives to Receive 55.9 Billion Baht for Rice Price Stabilization
The Department of Cooperative Promotion is coordinating with the Bank for Agriculture and Agricultural Cooperatives to release over 55 billion baht in loans to support rice farmers during the 2026/2027 harvest season.
According to Prachachat Business, the Department of Cooperative Promotion is currently working with the Bank for Agriculture and Agricultural Cooperatives (BAAC) to facilitate the disbursement of 55.928 billion baht in loans. This initiative is designed to stabilize paddy rice prices for the 2026/2027 harvest season. The funding is divided into two primary segments: 15 billion baht allocated for rice collection and value-added processing, and 40.928 billion baht dedicated to a program that encourages farmers to delay the sale of their crops to avoid market saturation. For residents and those involved in the agricultural sector, this move is intended to prevent a sharp decline in rice prices during the peak harvest period. While the government expects these funds to reach cooperatives and farmers promptly, the exact timeline for the full distribution of these loans remains to be confirmed. This policy reflects ongoing efforts by Thai authorities to manage agricultural supply chains and support rural income stability. Observers should monitor local agricultural news for updates on how these funds impact market prices and the availability of rice products in the coming months.
