Rice Production and Prices in Panama
Local production of the grain is increasing and approaching self-sufficiency figures, while prices are stable.
Tuesday, May 5, 2009
The cost of supplies has fallen considerably (50%), which enables an increase in planted area and it could exceed 70 thousand hectares, with yields in excess of 100 thousand quintals per hectare in 2009. In this manner, there would be enough production to achieve self-sufficiency.
Domestic production from this agricultural cycle will leave a shortfall of 9,000 hectares.
The government is considering indirect forms of subsidy such as rewards for farmers with increased production or improved productivity, in order to avoid the impact on the population of an increase in grain prices.
It will not be until February next year that there will be a discussion on import quotas, when a new inventory will be compiled.
In order to overcome the distortions that have occured in the market, the National Assembly of Producers has decided to reduce the amount of sown land by 23 hectares.
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