The company, part of the ALBA Petroleos conglomerate, has become the main supplier of grain to agribusinesses.
This was confirmed by Oscar Albanian, general manager of ALBA, adding that they are maintaining a reserve of 50,000 tons of basic grains, through a contract with the company Precocidos de El Salvador.
ALBA Alimentos buys the product "from domestic farmers and then processes it into different distribution channels, local and external" reported Laprensagrafica.com. For the 2014 harvest, the company expects to produce between 2.1 million hundredweight of beans, corn and rice.
The Inter-American Institute for Cooperation on Agriculture should not overreact to current price conditions, avoiding trade-distorting policies.
A statement from the Inter-American Institute for Cooperation on Agriculture (IICA) reads:
IICA: Rising prices of agricultural products is temporary
The increase in prices for corn, soybeans and wheat will not cause a food crisis in Latin America and the Caribbean, as occurred in 2007-2008, says a report by the Institute.
Over the course of a year prices have doubled in El Salvador, generating friction between farmers and traders.
White maize and red beans are the two types of grain whose prices have increased the most, affecting producers of other products that use grain for raw materials.
While prices keep rising, agricultural industry representatives argue that the increase is only benefiting traders.