AreaMexico

Commodity GroupRice

CommodityAll

Date27/11/2014

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionIssued new target prices for cereal and oilseed products, including rice, under the Target Income Program, applicable from the 2014 spring-summer campaign. In the case of rice, these were set at Pesos 3 650 (USD 268) per tonne, with producers under the programme receiving a deficiency payment in the event that prices of marketed produce fall below this pre-determined level.

NotesExchange rate as of 15 November 2014.