AreaColombia

Commodity GroupRice

CommodityAll

Date11/06/2021

Policy CategoryProduction

Policy InstrumentProduction support, marketing assistance

DescriptionApproved a budget of COP 29 billion (USD 7.8 million) to support the use of husked rice as animal feed and for industrial uses, in an effort to ease pressure from mounting rice stocks and help stabilize producer incomes. The programme will extend COP 250 000 (USD 68) per tonne compensation to producers, sector entities and millers selling husked rice for feed and industrial purposes for up to 116 000 tonnes of husked rice. The scheme will run until 29 October 2021, or until allotted funds are exhausted.

NotesExchange rate as of 15 October 2021.