During 2020, Central American rice imports amounted to $388 million, and purchases from Brazil, Uruguay and Paraguay increased in year-on-year terms by 751%, 330% and 218%, respectively.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"].
Between January and March 2020, Central America allocated $51 million to rice imports, 9% less than in the same period in 2019, with Costa Rica and Nicaragua being the markets that registered the most significant reductions.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graph"]
Between January and September 2019, Central America allocated $198 million to rice imports, 22% less than in the same period in 2018, with Panama and El Salvador being the markets that recorded the most significant reductions.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In the first six months of the year, rice imports in Central America reached $163 million, an increase of 56% over the same period in 2017.
Figures from the information system of the Rice Market in Central America, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In Costa Rica, the government has decided to establish an additional tariff of 11.67% on imports of brown rice, for purchases exceeding 6,367 tons.
With this new protectionist measure taken by the government, which will apply from September 21 to December 31 of this year, the current tariff will increase from 35% to 46.67%.
After the government argued that "...the increase in imports of brown rice, is generating an increase in national inventories of rice, resulting in repeated and growing surpluses in the domestic market," it proceeded to implement the protectionist measure called Special Agricultural Safeguard (SGE).
Explained by an increase in purchases made from companies in Brazil, during the first quarter of the year Panama imported $19 million worth of rice, 207% more than in the same period in 2017.
Figures from the Information System on the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In 2017, countries in the region imported $265 million worth of rice, of which 45% was purchased by companies in Costa Rica and Honduras.
Figures from the Information System on the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The Government has authorized the import of up to 100 thousand tons of paddy rice, and the deadline to complete the import process will be June 30, 2018.
The Panamanian government published a decree in the Official Gazette through which it authorizes the importation of rice, and the total distribution of the quota will be made in two groups:
Between January 2015 and December 2016, the average price per kilo of rice imported by Central American countries fell from $0.46 to $0.35.
Figures from the information system on the the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Clic para interactuar con la gráfica"]
The producer's union estimates that in 2017 grain imports will go up 5% due to the reduction suffered by local production because of climate effects.
Members of the Guatemalan Rice Association plan to invest in agricultural technology and provide more support to small farmers in order to improve their productivity in light of the start of the United States´s tariff reduction process for grain.
The government has authorized the import of 25,000 tons of grain to offset the chronic deficit in domestic production, this year aggravated by drought.
The Ministry of Agriculture and Livestock (SAG) announced that the quota to meet the shortage is 25 000 tons, which can be imported by agribusinesses.
Laprensa.hn reports that "... It is estimated that in Honduras between 3 and 3.5 million hundredweight of rice is consumed, but local producers only produce between 1.5 and two million, foricn gthe governement][ to resort to quotas for shortages. "
The import 1.3 million hundredweight must be done before the end of June, the date by which the product has to come onto the market.
The decision by the Ministry of Agriculture is based on an inventory which determined that of the total imported 300 million hundredweight will go to the Institute of Agricultural Marketing and the remaining million to mills.
On April 23rd an auction will be held for participation in the purchase of 214,000 hundredweight of rice, corresponding to the regular 2015 contingent.
This purchase will be able to enter the country from April 24 until June 30 and will only incur an import tariff of 3%, as opposed to the 40% normally paid for rice purchases made abroad.
The Committee on Commodity Exchanges (Conabolpro) informed Prensa.com that "...
Both countries have been granted import quotas for rice and wine as compensation for the increase from 35% to 62% in the tariff for milled rice.
Authorities at the Ministry of Agriculture indicated that Uruguay has been granted a quota 11,080 tons per year, between milled grain, unhusked and parboiled rice. Purchases made outside the established quota will incur the 62% tax.
Although a subsidy of $20 million for local production has been approved, calls are being made for the suspension of rice imports, even though the local supply is insufficient to meet demand.
According to industry representatives, the importation of rice has turned into a business which caused extensive damage to the rice industry during the past administration.
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