Imported Rice Starts Arriving to Panama
The first shipment of imported milled rice to meet domestic demand for August and September should arrive next week .
Friday, May 11, 2012
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.
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Not being self sufficient, Panama will again need to import more than one million quintals from abroad from July in order to meet domestic demand this year.
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.
100,000 tons could be imported by the government to cover shortfalls in the coverage of domestic demand of about 3 million quintals.
The country will import 1.3 million quintals in order to compensate for current low crop yields.
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