AreaLao People's Democratic Republic

Commodity GroupRice

CommodityAll

Date01/09/2012

Policy CategoryProduction

Policy InstrumentSupport prices

DescriptionAnnounced the institution of minimum prices for glutinous paddy. During the 2012/2013 season, farmers are to receive between USD 300-360 per tonne (kip 2 500- 3 000 per kilo) of glutinous paddy sold to public and private entities, a level that can be negotiated down, should the quality of produce be deemed inferior.