AreaVenezuela (Bolivarian Republic of)

Commodity GroupRice

CommodityAll

Date28/04/2014

Policy CategoryConsumption and marketing

Policy InstrumentPrice controls

DescriptionFollowing the January 2014 passage of the Fair Price Law (Ley Orgánica de Precios Justos), set ceilings on retail prices at Bolívares 9.5 (USD 1.5) per kg of Type I rice, at Bolívares 8.82 (USD 1.4) per kg of Type II rice and at Bolívares 8.38 in the case of a kilo of Type III rice (USD 1.3).

NotesExchange rate as of 15 July 2014.