AreaColombia

Commodity GroupRice

CommodityAll

Date30/04/2018

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAllocated up to COP 51.4 billion (USD 18 million) to extend a marketing assistance package to rice producers, in view of declines in paddy prices and increases in production costs. The programme will cover up to 1.56 million tonnes of wet paddy, offering producers in North Santander COP 48 636 (USD 17) per tonne of wet paddy marketed between 30 April and 10 December 2018 (or until allotted funds have been fully utilized), and COP 31 923 (USD 11) per tonne to rice farmers elsewhere in the country.

NotesExchange rate as of 15 June 2018.