AreaColombia
Commodity GroupRice
CommodityAll
Date09/08/2021
Policy CategoryProduction
Policy InstrumentSupport prices, warehouse receipts program
DescriptionAllocated COP 50 billion (USD 13.5 million) to implement the storage incentive programme for 2021 second-semester crops until 30 December 2021, or until allotted funds are exhausted. Under the scheme, COP 30 000 (USD 8.1) will be granted to cover the monthly cost of storing a tonne of dry paddy, or its husked or milled equivalent, on condition that these supplies are purchased at reference prices of COP 825 0001 048 000 (USD 223283) per tonne of green paddy. Up to 428 963 tonnes of dry paddy (or its equivalent) are eligible to be covered by the scheme.
NotesExchange rate as of 15 October 2021.
