Area
Ecuador
Commodity Group
Rice
Commodity
All
Date
25/04/2019
Policy Category
Production
Policy Instrument
Production support, support prices, government procurement
Description
Restored fixed producer support prices for paddy, rescinding the price band in place since April 2018. Accordingly, effective 25 April 2019, paddy of less than 7 mm in length, 20 percent moisture content and 5 percent impurities would fetch USD 29 per 200 lb (USD 320 per tonne), while the producer price for paddy exceeding 7.1 mm in length, with 20 percent moisture content and 5 percent impurities, was set at USD 31 per 200 lb (USD 342 per tonne). Moreover, the National Storage Unit (Unidad Nacional de Almacenamiento - UNA EP) would absorb the equivalent of 2 percent of national production, giving priority in its purchases to smallholder producers.
