# Thailand offers $1.29 bln loan to struggling jasmine rice farmers - Stabroek News

> Thailand's rice management committee will offer 45.3 billion baht ($1.29 billion) in loans to jasmine rice farmers, conditional on storing grain for six months. Thai 100% jasmine rice was quoted at $725 per tonne FOB Bangkok, the lowest in years.

- Date: 2016-11-02 · published 2016-11-02T12:00:00.000Z
- Category: policy · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/73924-thailand-offers-1-29-bln-loan-to-struggling-jasmine-rice-farmers-stabroek-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Storage loans aim to hold back Thai jasmine supply during the new harvest, which may limit further price declines, but the program adds to the global rice glut.

## Read by commodity

- RICE: bullish ▲

## Similar past events

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| --- | --- | --- | --- | --- |
| RICE | 2026-01-22 | [DA aligns with millers, importers to support local farmers, stabilize rice supply \|
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| RICE | 2025-12-31 | [USDA details $12 billion farm aid package favoring rice, cotton; soy farmers warn of strain \| Reuters](https://feedsoft.ai/events/21534-usda-details-12-billion-farm-aid-package-favoring-rice-cotton-soy-farmers-warn.md) | +6.6% | +17.3% |
| RICE | 2022-09-19 | [India rice export ban: Impact on Philippines, Indonesia, Thailand: Nomura](https://feedsoft.ai/events/39667-india-rice-export-ban-impact-on-philippines-indonesia-thailand-nomura.md) | -2.5% | -6.1% |
| RICE | 2020-01-24 | [A growing problem: Nigerian rice farmers fall short after borders close](https://feedsoft.ai/events/55156-a-growing-problem-nigerian-rice-farmers-fall-short-after-borders-close.md) | -0.5% | -1.8% |
| RICE | 2020-04-01 | [Food security fears are starting to threaten Asian rice exports \| coronavirus outbreak News - The Indian Express](https://feedsoft.ai/events/53619-food-security-fears-are-starting-to-threaten-asian-rice-exports-coronavirus.md) | +2.2% | +28.3% |

## Sources

- stabroeknews.com: https://www.stabroeknews.com/2016/11/02/news/world/thailand-offers-1-29-bln-loan-struggling-jasmine-rice-farmers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.