AreaChina (Mainland)

Commodity GroupRice

CommodityAll

Date01/02/2013

Policy CategoryProduction

Policy InstrumentSupport prices

DescriptionRaised government paddy procurement prices for the 2013 season by 10 percent to Yuan 132 per 50 kg bag (USD 420 per tonne) of early indica rice; by 8 percent to Yuan 135 per 50 kg bag (USD 430 per tonne) of late/intermediate indica rice; and by 7 percent to Yuan 150 per 50 kg bag of japonica rice (USD 478 per tonne).

NotesExchange rate as of 1 April 2013