AreaDominican Republic

Commodity GroupRice

CommodityAll

Date27/03/2023

Policy CategoryProduction

Policy InstrumentProduction support, support prices

DescriptionReached an agreement with sector representatives regarding the 2023/24 round of the warehouse receipts programme (Programa Pignoración de Arroz). According to the agreement, the scheme would be launched on 1 April 2023 and would have producers receive a price of DOP 2 925–3 025 per 120 kg fanega (USD 445–460 per tonne) from participating millers, which would be complemented with a direct outlay of DOP 100 per fanega (USD 15.2 per tonne) extended by the Government. Additional decisions concerned limiting rice production to two cropping cycles during the season to aid planning and prevent pests and diseases, as well as destining DOP 41 million (USD 747 840) to encourage the use of certified seeds.

NotesExchange rate as of 15 May 2023.