From January to September 2020 Central America allocated $298 million to rice imports, and purchases from Brazil increased 808% compared to what was reported in the same period of 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
After the Costa Rican government authorized the importation of 50 thousand metric tons of paddy rice, the National Rice Corporation is requesting that this volume be increased by an additional 20 thousand tons.
The National Rice Corporation (CONARROZ) requests the government to increase the Shortage Decree No. 42765-MAG-MEIC-COMEX, through which the import of 50,061 thousand metric tons of paddy rice was authorized, by 20 thousand tons more, to ensure local consumption at a fair price, says a statement issued by the guild on March 15, 2021.
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"]
From March 2 to 16, local authorities will submit for public consultation the Draft Technical Standard, Characteristics and Technical Requirements of the Premix for the Fortification of Piled Rice.
The project on "Premix for the Fortification of Piled Rice" is the result of one of the two regulatory documents of the General Directorate of Standards and Industrial Technology (DGNTI), reported the Ministry of Commerce and Industry (MICI).
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.
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.
The National Assembly of Panama approved funds to pay during the second half of the year, incentives to producers of rice, corn and milk grade C.
The Budget Commission of the National Assembly approved in favor of the Ministry of Agricultural Development (MIDA) $17,371,543, to pay incentives to producers, needs an official report.
Between June 2018 and the same month in 2019, the average price of Central American rice imports has reported a downward trend, from $0.43 to $0.34 per kilo.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
For the 2019-2020 agricultural cycle, 67,558 hectares of grain have been planted in the country, an area that exceeds in 5% what was reported for the previous harvest.
92.2% of the total rice crop is unirrigated (62,280 hectares with 988 producers) and 7.8% is irrigated (5,278 hectares of 53 producers), informed the Ministry of Agricultural Development (MIDA).
Because of the scarcity of rain in the region known as the Dry Corridor, producers in the country estimate that in the first cycle of the year has lost about 30% of corn crops and 35% of beans.
Directors of the Union of Agricultural Producers of Nicaragua (Upanic) explained that for the so-called "first production", Estelí lost 50% of the bean crop, and in Nueva Segovia fell between 40% and 50%.
In Panama, the subsidy to producers of $7.50 per quintal of rice that expired on June 30, 2019, was extended again by the government, this time until June 30, 2020.
The signing of a resolution to support national rice producers took place on July 18 at a meeting held by President Laurentino Cortizo Cohen with the Minister of Agricultural Development, Augusto Valderrama, and directors of public agricultural sector institutions, the government said.
In the context of a drop in production, in Costa Rica the government decreed a rise from $36.18 to $37.65, the price of a 73.6 kg sack of rice in bulk placed in the industrial plant.
The agreement modifying the price to the rice producer was published on June 5 in La Gaceta, and the government's action is taken in a context of low local production, because between the 2016-217 and 2017-2018 harvests, the volume produced decreased by 21%.
During last year, the country reported the production of 180,086 tons of rice, 20,652 tons of corn and 9,005 tons of beans.
According to the National Agricultural Survey 2017, carried out by the National Institute of Statistics and Census, it is estimated that last year the area planted with beans was 16,503 ha, 14,624 ha harvested area for a production of 9,005 mt.
In Panama, the incentive of $7.50 applied to each hundredweight of paddy rice has been extended for the period from July 1, 2018 to June 30, 2019.
The Ministry of Agricultural Development (Mida) reported that in addition to the incentive of $7.50, it has been established that the price of a hundredweight of rice will be $17, (depending on the variations that occur in terms of promotions or discounts), which will be paid by the mills and intermediaries to local producers.
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"]
Between the 2016-2017 and 2017-2018 agricultural cycles, the amount of land planted with rice in Panama grew by 2%, but the volume harvested decreased by 2%.
According to figures from the Office of the Comptroller General of the Republic, during the last two agricultural years the area sown for rice production increased from 91,270 hectares in the 2016-2017 cycle to 93,270 hectares in the 2017-2018 season.
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