AreaVenezuela (Bolivarian Republic of)

Commodity GroupRice

CommodityAll

Date30/03/2014

Policy CategoryProduction

Policy InstrumentProduction support, support prices

DescriptionApproved a Bolívares 4.7 subsidy per kg (USD 746 per tonne) of paddy produced between 1 January and 31 July 2014. The assistance will be granted on top of official producer support prices of Bolívares 2.50–2.58 per kg (USD 397–409 per tonne) . Prices of rice gathered after 31 July 2014 will be determined by officials based on production costs.

NotesExchange rate as of 15 March 2014.