ANNOUNCED AS TEMPORARYNo
On 27 March 2014, the government of Colombia established minimum purchasing prices for the green paddy produced in the following selected regions of the country: Villavicencio, San Martin, Granada, Puerto Lopez, Yopal, Aguazul, Villanueva, Ibague, Espinal, Huila, North Santander, Cesar, Guajira, Cordoba, Sucre, Bolivar and Magdalena. Producers in these regions will receive between Pesos 840 000 and 976 000 (USD 412-478) per tonne of paddy sold, while prices will remain freely negotiable outside of these areas.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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