AreaColombia

Commodity GroupRice

CommodityAll

Date01/07/2011

Policy CategoryProduction

Policy InstrumentSupport prices, warehouse receipts program

DescriptionAllocated Pesos 10 billion (USD 5.2 million) to the storage incentive programme, to run from 27 July to 30 December. Up to 170 000 tonnes of dry paddy to be eligible for the programme with minimum reference prices paid to producers to range between pesos 800 000– 920 000 per tonne (USD 416 – 478/tonne) depending on the producing regions.