AreaColombia

Commodity GroupRice

CommodityAll

Date04/04/2017

Policy CategoryProduction

Policy InstrumentWarehouse receipts programme

DescriptionDecided to extend a COP 28 890 (USD 9.5) per tonne storage-cost assistance for 2016 second-semester crops, in a bid to assist the sector cope with the high stockpiles resulting from the 2016 bumper harvest. The scheme would run from 4 April 2017 to 30 April 2017 and will cover up to 400 000 tonnes of paddy.

NotesExchange rate as of 1 July 2017.