AreaCosta Rica
Commodity GroupRice
CommodityAll
Date27/02/2015
Policy CategoryProduction
Policy InstrumentSupport prices
DescriptionSet a new reference price of Colones 22 139 per 73.6 kilo bag (USD 550 per tonne) of paddy to replace the fixed producer price of Colones 22 604.41 (USD 562 per tonne) prevailing since 2011. The initiative forms part of Government efforts to bring the countrys agricultural subsidies within limits committed to the WTO, but under a gradual approach that would permit the industry to make necessary adjustments to improve its competitiveness over the medium term.
NotesExchange rate as of 1 April 2015
