Rice: 4% Increase Declared in Bag Price

In the context of a drop in production, in Costa Rica the government decreed a rise from $36.18 to $37.65, the price of a 73.6 kg sack of rice in bulk placed in the industrial plant.

Wednesday, June 5, 2019

The agreement modifying the price to the rice producer was published on June 5 in La Gaceta, and the government's action is taken in a context of low local production, because between the 2016-217 and 2017-2018 harvests, the volume produced decreased by 21%.

See "Crops: Main Figures in Central America

Nacion.com reviews that "... Conarroz requested and promoted this adjustment in the price to producers especially for having security with the 2019-2020 planting period. The rice year officially begins on July 1st and ends on June 30th. The value is set by the Ministry of Economy, Industry and Commerce (MEIC), through technical studies of production costs and on the basis of a proposal presented by Conarroz, as stipulated by law."

Also see "Rice: Purchases up to September 2018

The article adds that "... On May 22, the Minister of MEIC, Victoria Hernandez, explained that the office was interested in rushing the publication that adjusts the price to the producer, since it was expected to provide security to farmers for 2010-2020 sowing."

CentralAmericaData reports detail that from January to September 2018 the main importer of rice in Central America was Panama, with $70 million, followed by Costa Rica, with $54 million, Nicaragua, with $38 million, Honduras, with $34 million, Guatemala, with $32 million and El Salvador, with $26 million.

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More on this topic

Costa Rica: Rice Growers Want to Keep Privileges

January 2014

The National Rice Corporation is calling for the system of price regulation that protects domestic production while keeping consumer prices high.

Representatives of the National Rice Corporation (Conarroz) asked the Government to repeal the provision that any regulatory system to determine the price of rice will be eliminated this year as established by a decree issued in May.

Nicaragua: Ranchers Want to Sell to Regional Slaughterhouses

November 2013

They have not managed to reach an agreement with local slaughterhouses on the upward adjustment of sales prices of livestock.

They have asked the Nicaraguan government for approval to sell three thousand head of cattle to slaughterhouses in the region where better prices are paid.

Nicaraguan Cattlemen Continue to Export Live Cattle

April 2013

They warn that if domestic prices are not adjusted and there is no guarantee to maintain the value of the local currency, they will not sell their cattle to local slaughterhouses.

Alvaro Fiallos, president of the National Union of Farmers and Ranchers (UNAG), is demanding that slaughterhouses adjust the price which has been kept frozen since late May last year at $2.97 per kilo in hot weight, and that they recognize the maintenance of the value of the cordoba.

Reforms Sought in Salvadoran Purchase Laws

March 2009

Both construction entrepreneurs and the Minister of Public Works say that there are no flexible mechanisms provided to resolve conflicts.

The difficulties incurred in complying with the Law of Contracts and Procurement of Public Administration (LACAP), would result in multimillion dollar losses due to crippled projects, contracts not awarded and lengthy litigation, with the consequent loss of jobs and necessary dynamism in the construction sector.

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