Thailand Rice Policy

Thailand's rice policy aims to stabilize rice prices and support farmers by maintaining strategic stockpiles, providing subsidies, and setting minimum price guarantees. The government sometimes purchases rice at above-market rates to ensure farmers receive fair income, which can lead to stock accumulation. While this helps farmers, it may also cause market inefficiencies and financial costs for the government. The policy balances supporting rural livelihoods with managing economic and international trade impacts, striving to sustain Thailand's position as a leading rice exporter while addressing domestic food security and rural development goals.