ANNOUNCEMENT 06 May 2013In May 2013, the government of Venezuela announced a change in production support.
NUMBER OF INTERVENTIONS
Ministerio del Poder Popular para la Agricultura y Tierras, DM/No. 025 of 6 May 2013, published in Official Gazette no. 40.160 of 6 May 2013 (in Spanish): http://www.tsj.gov.ve/gaceta/mayo/652013/652013-3692.pdf#page=25
On 6 May 2013, the Ministry for Agriculture adopted DM/No. 025/2013 which introduces a subsidy of Bs. 1.10per kg (USD 0.17per kg as of 4 May 2014) on the rice between 1 January 2013 to 30 June 2013. The introduction ofthis subsidy to domestic producers will disadvantage foreign suppliers of rice.
The measure entered into force retroactively, i.e. on 1 January 2013.