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.
Everything about rice imports in Panama.
Top importers - Quantities, amounts and prices.
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.
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.
Rice producers fear not being able to sell their rice harvest because of the entry of rice from countries such as Argentina, Brazil and Uruguay at much lower prices than local ones.
The US Department of Agriculture projects that global production from the 2014/15 harvest will be 475.5 million tons, 1.1 million tons less than the 2013/14 production.
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