Global Trade Alert
Global Trade Alert

Thailand: Government announced the Corn Insurance Plan budget for the year 2023 and other subsidies

Announcement

14 Mar 2023

In March 2023, the government of Thailand announced the Corn Insurance Plan budget for the year 2023 and other subsidies.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

14 Mar 2023

Revocation date:

30 Jun 2024

Updated: 14 Mar 2023
Interest payment subsidy

On 14 March 2023, the Thai Cabinet approved a THB 1 billion (USD 29.23 million) loan facility for certain farmers. A part of the budget will support maize farmers who need liquidity to run their op...

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Updated: 14 Mar 2023
State loan

On 14 March 2023, the Thai Cabinet approved a THB 1 billion (USD 29.23 million) loan facility for certain farmers. A part of the budget will support animal feed producers to purchase maize from Tha...

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Implementation date

01 Nov 2022

Revocation date:

30 Apr 2023

Updated: 14 Mar 2023
Production subsidy
On 14 March 2023, the Thai Cabinet approved the budget for the Corn Insurance Plan, which covered damages due to natural disasters for the year 2023. The new budget was set at THB 716 million (USD 24....
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