20/10/2022 (Bangkok Post) - The Commerce Ministry plans to ask the cabinet shortly to approve the state-sponsored price guarantee scheme for palm oil farmers for the 2022/23 harvest season, while pledging to support crude palm oil exporters.

According to Commerce Minister Jurin Laksanawisit, after the proposal passed through the committee on integrated area-based management policy chaired by Prime Minister Prayut Chan-o-cha yesterday, the ministry plans to ask for cabinet approval of the palm oil price guarantee scheme, its fourth consecutive year of implementation.

The scheme is forecast to cost 6.44 billion baht this season, and is designed to ensure farmers' income and stabilise prices of domestic oil palm. Under the scheme, the guaranteed price for fresh palm nuts would be set at 4 baht per kilogramme as usual, with a limit of 25 rai of farmland per family.

https://www.bangkokpost.com/business/2418398/palm-oil-subsidy-scheme-to-seek-cabinet-approval