Trade and markets
 

Detail

Area
Ecuador
Commodity Group
Rice
Commodity
All
Date
14/09/2018
Policy Category
Production
Policy Instrument
Production support
Description
In an effort to help the rice sector cope with declining profit margins, the Government announced that it would provide producers with input assistance, promote exports, enhance the National Storage Unit's (Unidad Nacional de Almacenamiento) capacity to absorb local produce, and step up border protection to curb undocumented rice imports. Among other measures, steps to enhance the placement of produce would also be taken through the establishment of more collection centres and the introduction of the PacifiCard Productiva, a credit card that would allow farmers to receive immediate payment for produce sold at official prices, while also enabling processors to defer payments for their purchases by 30 to 90 days.