Panama: Crisis in Rice Sector Worries Businesses

In the province of Chiriqui, of the rice production for 2012, planned at 29,000 hectares, only 14,935 hectares have been planted, twenty days before the end of the season.

Thursday, August 16, 2012

Lack of incentives for the rice sector, continued imports of the grain and high production costs have led to a reduction in production of almost 50% in terms of acreage planted.

"Camilo Brenes, president of the Panamanian Association of Business Executives (APEDE), said that as a result of this crisis there could be a decline in GDP of the province of about $60 million", reported Elsiglo.com

Victor Watts, director of the Agricultural Affairs Committee of the Chamber of Commerce, Industries and Agriculture of Chiriqui, requested that the government encourage and protect domestic production.

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Panama: National Rice vs. Imported Rice

April 2013

The disadvantage in terms of productivity and prices of Panamanian rice farmers against major world producers, has trapped producers, many of whom are abandoning the crop.

If this problem is not resolved, consequences will start to be felt. The country could stop planting about 20,000 hectares, said sources close to the sector.

Costa Rica: Government Reaches Purchase Agreement with Rice Producers

November 2011

The signing of the agreement between the government, representatives of the rice sector and growers puts an end to the conflict caused by administrative price-fixing.

The new agreement guarantees that 100% of the 2011 harvest (53,000 hectares) will be purchased from rice growers by the industrial sector.

Panama: Government to Buy Surplus Rice Crop

December 2013

An agreement has been made with over 300 producers to buy at $22.5 a quintal the surplus that has not been placed on the market.  

From a press release issued by the Presidency of Panama:

The national government will buy rice production through the Institute of Agricultural Marketing at a price of $22.50 per quintal following a consensus reached between the authorities and representatives from the Cocle Association of Rice Producers (ACOPRA) who met at Palacio de las Garzas.

Panama: Rice Production Down 10%

January 2014

During 2013 11,190 hectares less were sown than in the previous year, paving the way for rice importations.

According to the Comptroller General of the Republic, last year the amount of land sown with rice fell by 11,190 hectares, which means that production fell by 10.2%.

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