AreaColombia

Commodity GroupRice

CommodityAll

Date09/01/2014

Policy CategoryProduction

Policy InstrumentSupport prices, warehouse receipts program

DescriptionExtended the storage incentive programme, expired on 30 December 2013, to 31 March 2014. Price floors of Pesos 105 000-122 000 per 125 kilos (USD 412 - 478 per tonne) and ceilings of Pesos 115 000-132 000 (USD 451 - 517 per tonne), depending on the various production areas, will continue to apply, with the scheme expected to cover up to 215 000 tonnes of paddy.

NotesExchange rate as of 15 March 2014.