AreaPanama

Commodity GroupRice

CommodityAll

Date20/07/2021

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAgreed to provide a PAB 44 (USD 44) per tonne additional outlay to rice producers to help them cope with the impact of the COVID-19 pandemic and increases in input costs. The initiative brought incentives extended to rice farmers, on top of prices paid by millers, to PAB 209 (USD 209) per tonne.

NotesExchange rate as of 15 October 2021.