Trade and markets
 

Detail

Area
Taiwan province of China
Commodity Group
Rice
Commodity
All
Date
26/12/2014
Policy Category
Production
Policy Instrument
Cultivation limits
Description
Announced that due to severe drought conditions, it would suspend irrigation for 22 000 hectares of main paddy crops across five regions. Affected producers will be extended a TWD 78 000-85 000 (USD 2 494-2 717) per hectare outlay as an incentive to leave paddies fallow, alternatively receiving TWD 39 000-62 000 (USD 1 247-1 982) per hectare should they choose to cultivate less water intensive crops.
Notes
Exchange rate as of 1 April 2015