The 2nd rice harvest in Taiwan begins in October and is going to end after 6~8 weeks. In Taiwan, there are mainly 2 crops per year, and round-grain (Japonica) rice is the major variety of both crops.
We have a purchase policy made by the Council of Agriculture, COA. According to the policy, COA promises rice farmers to purchase their new paddy at certain prices higher than the market prices. But the quantity of the purchase is limited and depends on the hectares of rice planting.
This winter, COA will purchase at least 1.44 MT of paddy per planted hectare, which the highest price will be NTD 23.00/kg (USD 741.93 /MT).
Besides, COA also promises farmers to purchase typhoon-damaged paddy by cheaper price as long as the weight of paddy is qualified. COA asks the damaged paddy to be 500g/l or more.
