Rice: Industrialists Press for Price Increase

As a pressure measure for the government to decree a 1.9% increase in consumer value, in Costa Rica industrialists have decided to suspend from December 2 the receipt of national grain.

Wednesday, December 4, 2019

According to businessmen, the price increase is pending since June 2019 and they hope that with this pressure measure, the authorities will publish the decree, in which the value of the kilo is increased from $1.06 to $1.08 for the variety with 20% broken grain, also known as 80/20.

You may be interested in "Crops: Main Figures in Central America"

Due to the Government's negligence to postpone for more than six months the publication of the Consumer Price Decree, although the sector base since December 2017, the technical, operational and economic reasons for the increase, the sector has decided not to receive more grains of national origin, reported the National Rice Corporation (Conarroz).

Also see "Rice: Import Price Still Down"

The statement dated December 3 adds that "... Nearly 23 months have passed and only the increase was granted to rice producers in June this year. For this reason, the agro-industrial sector has had to endure a financial imbalance, since it has been covering the increase in the national crop, set at 3.9%, without the respective increase to the consumer."

CentralAmericaData reports state that from January to June 2019 the main importer of rice in Central America was Costa Rica, with $41 million, followed by Panama, with $25 million, Guatemala and Nicaragua, with $22 million each, El Salvador, with $15 million, and Honduras, with $13 million.

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More on this topic

Rice Producers Win and Government Declares Price Adjustment

December 2019

Arguing that there are justified reasons to increase the price of pile of rice, in Costa Rica the Alvarado administration authorized a 1.9% increase in the final price to the consumer.

With the increase decreed by the Ministry of Economy, Industry and Commerce (MEIC), the price per kilo will rise from $1.06 to $1.08, for the variety with 20% broken grain, also known as 80/20.

Costa Rica: Local Rice 20% More Expensive than Imported Rice

February 2016

The gap gets bigger and industrialists have once again brought the subject up for discussion by asking for a repeal of the decree which since June 2015 has fixed grain prices in the country.

Despite the fact that since 2009 the international price has been consistently below the local price, in Costa Rica the government insists on protecting producers, who are opposed to the request made by industrialists to eliminate the decree which has kept prices fixed since June 2015. The formal request for derogation was submitted in November 2015 by the National Association of Manufacturers in the Rice Sector (Aninsa).

Projected Increase in Rice Imports

August 2014

Estimates are that the poor performance of planted acres and preference for other more profitable crops will generate a sustained increase in rice imports in Central America.

According to figures from the French Agricultural Research Center for International Development (CIRAD) in the last 20 years, "...

Nicaragua to Import More Grains Duty Free

August 2014

Due to a reduction of local production because of drought, the government has authorized, for the second half of the year, an increase in tax-free imports of red beans, rice and corn.

In the case of red beans, an additional 10,000 tons has been approved on top of the 20,000 authorized in June, while for rice the quantities will be defined in the coming days.

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