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.
Over the past two years the province of Chiriqui has doubled the number of hectares planted with palm oil, reaching 18,936 hectares.
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.
30% of grain plantations in the province of Chiriqui are being affected by an outbreak of the mite Spinky.
Domestic production from this agricultural cycle will leave a shortfall of 9,000 hectares.
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