Excess Rice in Costa Rica

A decree fixing prices has distorted normal market functioning, and caused overproduction of 19,000 tonnes.

Monday, October 10, 2011

The productive sector, together with representatives from the government agreed that the excess production will be acquired by various distributors.

Leticia Vindas writes on the website of El Financiero "... six companies will assume the distribution of the 5179 hectares of grain. They are: Compañía Arrocera Industrial, Compañía Arrocera Costa Rica, El Porvenir, Arrocera Liborio, Coparroz R.L. and Aninsa”

Excess production was mainly due to planted areas being increased without sale contracts being in place.

More on this topic

Costa Rica: Attempts to Stop Rice Imports

June 2014

Rice producers fear not being able to sell their rice harvest because of the entry of rice from countries such as Argentina, Brazil and Uruguay at much lower prices than local ones.

"At great risk are 60,000 hectares of rice, for which there is no known market for this production because Costa Rica is being invaded by milled rice imports from southern countries (Argentina and Uruguay)," said the new President of the National Assembly of Rice Producers, Domingo González. "

Costa Rica: Investment in Rice Industry

October 2013

In the last year 11 rice industries invested $14 million to deal with changes in the international market and local pricing.

Nacion.com reports: "These investments are being made in the new context that is expected with the liberalization of grain prices from 1 March 2014 and the start, two years later, of the gradual reduction of 35% tariffs on imports from the U.S.".

Costa Rica: Government Reaches Purchase Agreement with Rice Producers

November 2011

The signing of the agreement between the government, representatives of the rice sector and growers puts an end to the conflict caused by administrative price-fixing.

The new agreement guarantees that 100% of the 2011 harvest (53,000 hectares) will be purchased from rice growers by the industrial sector.

Costa Rica Activate Barriers to Rice Imports

October 2011

In what seems to be a reaction caused by the rice lobby, the government is now requiring imported rice to be fortified in its country of origin.

11,400 quintals of grain loaded into 21 containers have been detained in the port of Limon, because they violate a rule which states that unhusked rice must have vitamins added to it in its country of origin.

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