Slight Recovery of the Agricultural Sector

During August and September, Costa Rica's monthly agricultural activity index reported a 0.16% and 0.82% year-on-year increase, respectively, reversing the downward trend recorded in previous months.

Tuesday, November 26, 2019

According to data from the Central Bank of Costa Rica (BCCR), between October 2018 and July 2019 the Monthly Index of Agricultural Activity (IMAGRO) registered negative year-on-year variations. However, during August and September of this year, the trend began to revert, as increases in the level of the indicator were reported. See official figures.

You may be interested in "Crops in Central America: Main Figures in 2018"

Juan Rafael Lizano, president of the National Chamber of Agriculture and Agroindustry (CNAA), told that "... the behavior is important, but they are only 'signs of recovery, as it came from negative to just 0.8% in September."

According to the leader, the sectors that are boosting the recovery of economic activity are root crops, tubers and vegetables, whose production is mainly intended for the local market.

Also see "Vegetables: Exports up to March 2019"

Lizano added that "... there are some small signs of reactivation in export activities, such as banana and pineapple, that increase could be felt more from January with the window of higher sales (winter in target markets) approaching. Other activities, including exports of melon, mango and watermelon, would also have a recovery that would be felt from this January."

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Agro: Protected Sector, but Not Very Competitive

August 2018

In Costa Rica, the productive activity of agricultural goods destined for domestic consumption has been stayed low in recent years, despite the fact that most benefit from the protection afforded by the tariffs imposed on imports of some similar goods.

The Central Bank of Costa Rica calculates the Monthly Index of Agricultural Activity (Imagro), which includes an item called "agricultural products", which monitors the production of basic grains, cereals, pulses and other oil seeds, vegetables, roots and tubers, cane, coffee and fruit trees, which are usually intended for domestic consumption. 

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