Changes to Rice Price System in Costa Rica

The National Rice Corporation and the Government have agreed to move towards an alternative to the price fixing scheme.

Wednesday, April 10, 2013

"It was also decided to establish a process of transition to manage the market and increase productivity in the sector, which should be ready this week," reported Elfinancierocr.com.

The agreement came after the results of the study entitled "Current Mechanism for the estimation and identification of rice prices under the context of the marketing chain," conducted by the Institute of Economics at the University of Costa Rica (UCR) , which indicates that currently, price fixing does not take into account various aspects of the reality of the national and international market.

In addition, it was agreed to work together to implement an accompanying agenda proposed by the Ministry of Agriculture and Livestock (MAG).

"We are very satisfied with the achievements (...), which will only benefit low-income consumers, while promoting productivity and improvement in the sector with emphasis on small producers," said Economy Minister , Mayi Antillon.
"I am very pleased that finally a long two year process has been concluded by signing an agenda for improving the competitiveness of the rice sector, where small rice farmers can receive the necessary technical and financial support," said Gloria Abraham, head of the MAG.



More on this topic

Extension of Rice Protectionism in Costa Rica

January 2014

The extension of the deadline for the implementation of the decree that eliminates the rice price fixing mechanism, represents a transfer of $75 million from the pockets of consumers towards the rice sector.

For years other countries have criticized the pricing of rice in Costa Rica considering it a subsidy and violation of defined limits.

Costa Rica Will Not Fix Price of Rice

July 2013

The Government is standing firm in its position to eliminate state fixing of the price of rice and aims to organize the cooperative sector.

According to Mayi Antillon, chief of Economy, Industry and Trade from March 2014 the price of rice will be unfixed in order to benefit small farmers and reduce the price for consumers.

Costa Rican Rice Producers Win $28 million Lawsuit

July 2012

A court ruling has annulled a government decree which set a minimum price for the grain, forcing the government to pay for the material damage that this rule has caused.

Once this judgement has been confirmed, the $28 million, estimated by experts acting in the litigation as the amount the State must pay to producers, will be added to the $104 million that these producers received during 2011 as a grant.

Rice Problem in Costa Rica Returns

January 2012

Producers are complaining about the government’s unfulfilled promises to place their crops in the market, and demanding an end to rice imports.

Producers in the Guanacaste area are protesting again, demanding that the government respects a promise agreed last November, which, according to the rice growers, would resolve the placement of more than five thousand tons of rice which has been stored in dry silos, both public and private, since September 2011.

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