AreaVenezuela (Bolivarian Republic of)

Commodity GroupRice

CommodityAll

Date01/05/2013

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionApproved a one-time subsidy for the 2013 summer crop cycle. Producers are to receive Bolívares 1.1 per kg (USD 175 per tonne) of Type A or Type B paddy produced, between 1 January and 30 June 2013, on top of support prices of Bolívares 2.50 -2.58 per kg (USD 397- 410 per tonne).

NotesExchange rate as of 1 May 2013