AreaBrazil

Commodity GroupRice

CommodityAll

Date22/08/2014

Policy CategoryProduction

Policy InstrumentMinimum support prices

DescriptionApproved new minimum support prices (MSP) for the 2015/16 season (2014/15 season for Brazil) to be effective from February 2015 to January 2016. For the Northern Region and Mato Grosso, MSPs for fine long grain paddy were raised by 2.64% to Reals 545 (USD 236), while the MSP for fine long grain paddy in the Southern region (excepting Paraná) was also set at Reals 545 (USD 236) per tonne, up 5.62% from 2014/15. MSPs for long grain paddy were instead left unchanged at Reals 378-408 (USD 164-177) per tonne, as was the MSP for fine long grain paddy in the Southeast, Northeast, Centre West regions (excepting Mato Grosso) and the state of Paraná, at Reals 550 (USD 238) per tonne.