Trade and markets
 

Detail

Area
Colombia
Commodity Group
Rice
Commodity
All
Date
24/08/2017
Policy Category
Production
Policy Instrument
Production support
Description
Decided to extend a marketing assistance package for up to 161 800 tonnes of paddy from the 2017 second-semester harvest, in order to aid rice producers coping with declines in local quotations ensuing from successive bumper harvests. The package will consist of a COP 64 000 (USD 21.3) outlay per tonne of paddy marketed by producers between 24 August and 15 November 2017, except for farmers in Caquet√°, Casanare, Tolima, Huila and Meta, who will receive an additional COP 50 000 (USD 16.6) per tonne of paddy sold for up to 116 000 tonnes.
Notes
Exchange rate as of 1 October 2017.