Costa Rica Will Not Fix Price of Rice

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

Thursday, July 18, 2013

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.

"It is not possible to debate maintaining fixation which does not benefit small producers," Antillon said, adding that these people do not receive their money at the moment of selling their harvest to large companies.

The minister also asked the rice sector to get involved in creating another mechanism and that they make the move towards being a cooperative, the same scheme used by coffee.



More on this topic

Costa Rica: NO to Fixing Rice Prices

April 2017

The Commission for the Promotion of Competition is opposed to the fixing of grain prices, the only good in the country whose price is established by decree.

Although Corporación Arrocera Nacional (Conarroz) continues to insist on the negative effect of freeing up the price of rice, the Commission for the Promotion of Competition (Coprocom) is maintaining its stance against the measure, arguing that it has not served to increase the volume produced or improve the productivity of the rice sector.

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.

Changes to Rice Price System in Costa Rica

April 2013

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

"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.

Price Fixing by Law is Unbeneficial

April 2013

With the intention of benefiting producers and consumers, and achieving better crop yields, in Costa Rica the price of rice is fixed by law.

According to an article in Nacion.com "a study by the Institute for Research in Economics (ICSI), at the University of Costa Rica, which was requested by the Ministry of Economy, Industry and Commerce (MEIC)." states that "the law fixing the price of rice will not benefit either the consumer or the producer, as intended by the measure, nor will it promote better returns."

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