The government will allocate Bt85.91 billion in soft loans for traders to purchase paddy rice and stock the produce for between two and six months, with this part of the package targeting 8 million tonnes of rice.
The Bank for Agriculture and Agricultural Cooperatives, meanwhile, will provide soft loans for farmers and cooperatives to purchase rice at no lower than Bt10,000 per tonne, with farmers receiving Bt1,500 in price compensation for produce that is stockpiled in rice barns.