Trade and markets
 

Detail

Area
Costa Rica
Commodity Group
Rice
Commodity
All
Date
27/02/2015
Policy Category
Production
Policy Instrument
Support prices
Description
Set a new reference price of Colones 22 139 per 73.6 kilo bag (USD 550 per tonne) of paddy to replace the fixed producer price of Colones 22 604.41 (USD 562 per tonne) prevailing since 2011. The initiative forms part of Government efforts to bring the country’s agricultural subsidies within limits committed to the WTO, but under a gradual approach that would permit the industry to make necessary adjustments to improve its competitiveness over the medium term.
Notes
Exchange rate as of 1 April 2015