The Licensing Committee of Tafiff Rate Quotas has made two calls for imports of corn and rice, according to the requirements of the WTO.
A total volume of 150,000 metric tons of corn has been assigned, of which 149,000 tons correspond to corn for feed and 40 metric tons is finished product, reported Panamaamerica.com.pa.
In the case of rice, the total volume of permitted imports (period 15th February to 31st March 2012) is 9711.6 tons. From 15th May to 15th June 650,000 pounds of hulled rice and 650,000 quintals of unhusked rice will be imported.
Also to be imported are about 60 million quintals of beans in the coming months, since domestic production is not able to cover the country's consumption which is in the range of 120 million quintals for the category.
The fact that Panama is not self-sufficient in grain production, means that they have to import products like rice, corn and beans, which are essential to the basic food basket, every year.
More on this topic
Estimates for the 2014/2015 harvest are that production will be less than the 120 million hundredweight of beans demanded per year in the country.
Compared with the previous crop year there will be a deficit of 6,698 hundredweight, as 359 hectares less have been cultivated than last year, according to the National Directorate of Agriculture.
The first shipment of imported milled rice to meet domestic demand for August and September should arrive next week .
Millers, traders, consumers, agricultural authorities and rice growers agreed to import 1.3 million quintals of rice paddy in order to meet domestic demand and the shortfall in domestic production.