AreaEcuador

Commodity GroupRice

CommodityAll

Date11/04/2018

Policy CategoryProduction

Policy InstrumentProduction support, support prices

DescriptionReplaced the fixed producer support price of USD 35.5 per 200 lb (USD 391 per tonne) with a floor and ceiling, effective 11 April 2018. Based on the decision, producer prices for paddy, with 20 percent moisture content and 5 percent impurities, would fetch a floor of USD 32.30 per 200 lb (USD 356 per tonne) and a ceiling of USD 35.5 per 200 lb (USD 391 per tonne) during the 2018 season.