Panama to Import Less Rice In 2016

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%.

Tuesday, May 31, 2016

An article on reports that Jorge Arango, Minister of Agricultural development, said that "... the country has increased domestic production of rice this year, therefore imports of this grain will be reduced ' by nearly half 'what was imported in previous years. "

"... The drought severely affected the domestic agricultural sector last year. However, Arango stressed that this was not an obstacle to rice farmers sowing 5,800 hectares more than in 2014 and harvesting an additional million hundredweight compared to the previous period. "

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Rice Producers In Panama Request Suspension of Imports

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Although a subsidy of $20 million for local production has been approved, calls are being made for the suspension of rice imports, even though the local supply is insufficient to meet demand.

According to industry representatives, the importation of rice has turned into a business which caused extensive damage to the rice industry during the past administration.

Panama: National Rice vs. Imported Rice

April 2013

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.

If this problem is not resolved, consequences will start to be felt. The country could stop planting about 20,000 hectares, said sources close to the sector.

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