Minimum support prices
Approved new minimum support prices (MSP) for the 2014/15 season (2013/14 season for Brazil) to be effective from February 2014 to January 2015. For the Southeast, Northeast, Centre West regions (excepting Mato Grosso) and for the state of Paraná, the MSP was raised by 6.6 percent to Reals 550 (USD 247) per tonne for, fine, long grain paddy and by 12.7 percent to Reals 355 (USD 159) per tonne for regular, long grain paddy. For the Northern Region and for Mato Grosso, MSPs for fine long grain paddy and for long grain paddy were raised by 12.9 percent each to Reals 531 (USD 238) and Reals 408 (USD 183) per tonne, respectively. MSPs for both fine long grain and long grain paddy in the Southern region (excepting Paraná) were left unchanged at Reals 516 (USD 232) and Reals 378 (USD 170) per tonne. The price differentials are meant to reduce reliance on the main producing states of Rio Grande do Sul and Santa Catarina.
Exchange rate as of 1 July 2013