Panama Confirms It Will Import Rice
Worse than expected production is forcing the country to import rice.
Friday, September 25, 2009
This was confirmed by Víctor Pérez, Minister of Agricultural Development, who warned of an even worse situation with the arrival of climate phenomenon "El Niño".
The increase in 5,800 hectares in the amount of land planted with rice in 2015 will lead to an increase in local production which will reduce imports required to complete supply of the domestic market by almost 50%.
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.
The country will import 1.3 million quintals in order to compensate for current low crop yields.
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.
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