Rice Mill for Sale for $2 million
The rice mill belonging to producers in Chiriqui is now being offered at $2 million, $1 million less than the initial price.
Thursday, April 26, 2012
After a failed attempt to sell the rice mill members of the Rice Producers Association and Basic Grains of Chiriqui (Apach) in Alanje, have reduced the price from $3 million to $2 million.
Corporación Arrocera de Costa Rica has invested $3 million in order to increase its production capacity by 60 million quintals per month.
The auction of a rice mill by the Association of Rice Producers of Chiriqui was declared void because of lack of offers to reach the established base price.
Beginning in December this year, rice growers from the province of Chiriquí, Panamá, will have the country's biggest rice mill.
Local production of the grain is increasing and approaching self-sufficiency figures, while prices are stable.
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