Rice: $15 Million Investment in Industrial Plant

In Panama, the company Agrosilos S.A., invests in the expansion of its facilities located in the district of Chepo, the works include the construction of three new silos that will be used to store rice.

Friday, June 25, 2021

With the execution of this investment, this plant will now have nine silos, with capacity for 693 thousand quintals of rice storage, according to a press release from the Ministry of Agricultural Development (MIDA).

You may be interested in "$250 Million in Investments in Industrial Construction"

Augusto Valderrama, head of MIDA said that "... the Chepo sector, in East Panama, is becoming a self-sufficient region and one of the country's top producers, and companies such as Agrosilos S.A. have had a positive impact on the production of this segment of agriculture."

Nunzio Girlando, president of Agrosilos S.A., explained that the "... company bet many years ago for Panama and this is a second phase of a project that will benefit the rice sector of the country and that confirms that the country is on the road to consolidation in the most consumed product which is rice."

CentralAmericaData reports highlight that during 2020 the main importer of rice in Central America was Costa Rica, with $88 million, followed by Guatemala, with $70 million, Honduras, with $69 million, Panama, with $59 million, Nicaragua, with $58 million and El Salvador, with $45 million.

Do you know that we are now part of something bigger?
Learn about PREDIK Data-Driven, our new global brand.

Do you need Business Intelligence solutions for the food industry? Contact Us









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Rice: Regional Purchases Fall 12%.

October 2019

In the first three months of 2019, rice imports in Central America totaled $56 million, 12% less than in the same period in 2018.

Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]

Corn: Cultivated Area up 48%

January 2019

For the 2017-2018 agricultural cycle, the cultivated area in Guatemala was 1.07 million hectares, 48% more than the 725 thousand reported in the 2014-2015 cycle.

Data from the National Agricultural Survey 2017-2018, carried out by the National Institute of Statistics, show that 10.1% of the area dedicated to crops in the country is used for corn, 1.3% for beans and less than 1% for rice.

Panama: $10 million for Construction of Silos

December 2016

It has been announced that in the first quarter of 2017 a tender process will be launched for the construction of silos with storage capacity for 250 thousand hundredweight of rice in Panama Este and Los Santos.

On top of this investment is also renovation of silos in La Barrera in the province of Veraguas, which will soon be operational, and the silos of La Honda, Los Santos, according to a government statement, the renovation works for which have already been awarded.

Cargill Meats Opens Grain Division in Costa Rica

August 2013

The transnational sees business opportunities in the country beyond the poultry sector.  

The owner of Pipasa in Costa Rica will spend $15 million on vehicular fleet renewal and modernization of processes at its industrial plants.

According to Xavier Vargas, executive director of the company in Central America, more areas of the U.S. company are attractive for starting operations in the country.

 close (x)

Receive more news about Agriculture & Food

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Dec 3)
Brent Crude Oil
71.55
Coffee "C"
238.25
Gold
1,766
Silver
22.27