Rice Production and Prices in Panama

Local production of the grain is increasing and approaching self-sufficiency figures, while prices are stable.

Tuesday, May 5, 2009

The cost of supplies has fallen considerably (50%), which enables an increase in planted area and it could exceed 70 thousand hectares, with yields in excess of 100 thousand quintals per hectare in 2009. In this manner, there would be enough production to achieve self-sufficiency.

The article in Martesfinanciero.com authored by Kerma Pérez reported statements from Gonzalo Camberfort, director of the Institute of Agricultural Marketing (IMA), who noted that "what is being sought is not only an increase in the number of hectares, but an increase in yields. If we can sow more than 70 thousand hectares, we will be close to self-sufficiency. It is estimated that 75 thousand hectares will be reached this year, 2009."

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More on this topic

Panama Still Not Decided On Rice Imports

September 2013

It will not be until February next year that there will be a discussion on import quotas, when a new inventory will be compiled.

Prices, climate issues and lack of funding will results in failure to achieve the goal of planting 67,000 hectares of rice in the current crop.

Rice Subsidies in Panama

September 2012

The government is considering indirect forms of subsidy such as rewards for farmers with increased production or improved productivity, in order to avoid the impact on the population of an increase in grain prices.

The rising price of rice in global markets is directly affecting Panama, which annually consumes 8.5 million quintals, of which it must import about 3 million, in order to supplement local production which reaches approximately 5.5 million quintals.

Reduced Rice Planting in Costa Rica

March 2012

In order to overcome the distortions that have occured in the market, the National Assembly of Producers has decided to reduce the amount of sown land by 23 hectares.

Following the decision by the National Assembly of Producers, an agreement to issue certificates for the purchase of rice by industrialist is still pending.

Panama Will Need to Import More Rice in 2012

November 2011

Domestic production from this agricultural cycle will leave a shortfall of 9,000 hectares.

While the Panamanian rice sector has never been able to satisfy domestic demand, in this cycle it will be even more dependent on imports. In 2010, 64,400 hectares were planted and 1.2 million bushels of grain had to be imported, while at present only 57,456 have been planted, falling far short of the projected target of 68,000.