AreaColombia

Commodity GroupRice

CommodityAll

Date24/08/2017

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionDecided to extend a marketing assistance package for up to 161 800 tonnes of paddy from the 2017 second-semester harvest, in order to aid rice producers coping with declines in local quotations ensuing from successive bumper harvests. The package will consist of a COP 64 000 (USD 21.3) outlay per tonne of paddy marketed by producers between 24 August and 15 November 2017, except for farmers in Caquetá, Casanare, Tolima, Huila and Meta, who will receive an additional COP 50 000 (USD 16.6) per tonne of paddy sold for up to 116 000 tonnes.

NotesExchange rate as of 1 October 2017.