Panama: $18 million to Subsidize Rice

The government has announced it will buy 500 million hundredweight and will rent agroindustrial infrastructure to store crops in areas in Panama East, Darien and central provinces.

Wednesday, December 7, 2016

The 500 hundredweight that the Ministry of Agricultural Development (MIDA) is committed to buying from local producers will serve to supply markets run by the Agricultural Marketing Institute (IMA).

Prensa.com reports that "...MIDA authorities have guaranteed to rice farmers that the government, through the IMA, will collect grain that has not yet been sold."

Eduardo Carles, head of the MIDA, explained that "... 'On December 15 operations will begin at the silos in La Barrier in Veraguas, with storage capacity of 250,000 hundredweight of rice'. Also scheduled is construction of silos in Tortí in East Panama and Tonosi, in Los Santos."

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