Area
Venezuela (Bolivarian Republic of)
Commodity Group
Rice
Commodity
All
Date
30/03/2014
Policy Category
Production
Policy Instrument
Production support, support prices
Description
Approved a Bolívares 4.7 subsidy per kg (USD 746 per tonne) of paddy produced between 1 January and 31 July 2014. The assistance will be granted on top of official producer support prices of Bolívares 2.50–2.58 per kg (USD 397–409 per tonne) . Prices of rice gathered after 31 July 2014 will be determined by officials based on production costs.
Notes
Exchange rate as of 15 March 2014.
