AreaTaiwan Province of China

Commodity GroupRice

CommodityAll

Date26/12/2014

Policy CategoryProduction

Policy InstrumentCultivation limits

DescriptionAnnounced that due to severe drought conditions, it would suspend irrigation for 22 000 hectares of main paddy crops across five regions. Affected producers will be extended a TWD 78 000-85 000 (USD 2 494-2 717) per hectare outlay as an incentive to leave paddies fallow, alternatively receiving TWD 39 000-62 000 (USD 1 247-1 982) per hectare should they choose to cultivate less water intensive crops.

NotesExchange rate as of 1 April 2015