AreaFiji

Commodity GroupRice

CommodityAll

Date01/12/2021

Policy CategoryProduction

Policy InstrumentProduction support, finance and credit facilities

DescriptionIntroduced the Rice Mobility Package, consisting of a loan facility to help farmers, joint ventures and cooperatives finance land purchases or development, as well as seed, labour and harvesting costs. Interest rates under the initiative would range from 4.99 to 10.99 percent per annum, with loans to farmers ranging from USD 5 000 to 250 000.