AreaEcuador

Commodity GroupRice

CommodityAll

Date23/07/2021

Policy CategoryProduction

Policy InstrumentProduction support, support prices

DescriptionRepealed an April 2021 order setting producer prices for paddy during the 2021 season and decided that paddy of less than 7 mm in length, 20 percent moisture content and 5 percent impurities would instead fetch a price of USD 30 per 200 lb (USD 331 per tonne), while producer prices for paddy with 7.1 mm in length or more and with 20 percent moisture content and 5 percent impurities would be set at USD 32 per 200 lb (USD 353 per tonne). The revised rates were 3 percent higher than the price levels stipulated in April.