AreaColombia
Commodity GroupRice
CommodityAll
Date24/07/2023
Policy CategoryProduction
Policy InstrumentSupport prices, warehouse receipts program
DescriptionAllocated COP 25 billion (USD 6.0 million) to implement the storage incentive programme for 2023 second-semester crops until 31 December 2023, or until allotted funds are exhausted. Under the scheme, COP 39 900 (USD 9.6) would be granted to cover the monthly cost of storing a tonne of dry paddy, or its husked or milled equivalent, for a maximum of three months and on condition that these supplies are purchased at reference prices of COP 1 545 6001 688 000 (USD 371-405) per tonne. Up to 170 000 tonnes of dry paddy (or its equivalent) and paddy seeds are eligible to be covered by the scheme.
NotesExchange rate as of 16 October 2023.
