AreaEcuador

Commodity GroupRice

CommodityAll

Date28/10/2016

Policy CategoryProduction

Policy InstrumentProduction support, support prices

DescriptionAnnounced that the National Storage Unit (Unidad Nacional de Almacenamiento) would purchase milled rice in addition to paddy, in order to sustain local quotations. The drive would offer USD 34 per 100 pounds (USD 750 per tonne) of Grade 1 rice and USD 33.5 for 100 pounds (USD 739 per tonne) of Grade 2 rice.