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Riziculture – Direct Purchase of Paddy by the Spm at a Floor Price of 1,500 Ar/kg in the Bongolava and Itasy Regions
The State procurement of Madagascar (SPM) is changing its pitch. This state-owned company, especially known for importing rice, will now be directly involved in the local purchase of paddy. On Wednesday, the latter had already carried out its first collection campaign in the pilot regions of Bongolava and Itasy, with a guaranteed floor price of 1,500 ariary per kilo. It is a price regulation strategy introduced by the Malagasy state in consultat…
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The State procurement of Madagascar (SPM) is changing its pitch. This state-owned company, especially known for importing rice, will now be directly involved in the local purchase of paddy. On Wednesday, the latter had already carried out its first collection campaign in the pilot regions of Bongolava and Itasy, with a guaranteed floor price of 1,500 ariary per kilo. It is a price regulation strategy introduced by the Malagasy state in consultat…
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