Trade and markets
 

Detail

Area
Colombia
Commodity Group
Rice
Commodity
All
Date
09/01/2014
Policy Category
Production
Policy Instrument
Support prices, warehouse receipts program
Description
Extended the storage incentive programme, expired on 30 December 2013, to 31 March 2014. Price floors of Pesos 105 000-122 000 per 125 kilos (USD 412 - 478 per tonne) and ceilings of Pesos 115 000-132 000 (USD 451 - 517 per tonne), depending on the various production areas, will continue to apply, with the scheme expected to cover up to 215 000 tonnes of paddy.
Notes
Exchange rate as of 15 March 2014.