Rice production motivated in Nicaragua using price

Rice producers received an increase of 6.2% in the price of a sack of rice.

Friday, October 31, 2008

With the increase, producers will get 495 Cordobas ($25.14) per sack of dry, clean rice instead of 466 495 Cordobas ($23.67) that they were previously paid.

Roger Zamora Hinojos, Operations Manager of the Agriculture Corporation Ltd., explained that in June the cost of producing an acre of rice when from 1250 to 1500 cordobas (from $63.5 to $76.2), which is cause for an increase in the price of rice in order to maintain current production levels.

More on this topic

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.

Excess Rice Production Concerns Government

June 2011

The Costa Rican Ministry of Agriculture, along with producers, is looking for a quick solution to excessive rice production.

The solution to the problem is closely linked to actions that depend on the approval of tenders or finding more money, remarked Tannia Lopez, the Vice Minster of Agriculture.

Rice Production and Prices in Panama

May 2009

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

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.

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