AreaChina (Mainland)

Commodity GroupRice

CommodityAll

Date12/02/2014

Policy CategoryProduction

Policy InstrumentSupport prices

DescriptionRaised government paddy procurement prices for the 2014 season by 2 percent to Yuan 135 per 50 kg bag (USD 439 per tonne) of early indica rice; by 2 percent to Yuan 138 per 50 kg bag (USD 449 per tonne) for late/intermediate indica rice; and by 3 percent to Yuan 155 per 50 kg bag of japonica rice (USD 504 per tonne).

NotesExchange rate as of 15 March 2014.