The Salvadoran and Venezuelan joint venture, already a participant in the food, financial and energy sectors, will be supplying agricultural insurance for grain producers.
With insurance policies for farmers, the conglomerate Alba Alimentos "... promises to pay farmers who provide basic grains to Alba an the amount of $420 per acre if their plantations suffer drought, flooding or other damage."
Salvadoran agrifood businesses have expressed their concern that the announced investments are part of a political project.
An article in Laprensagrafica.com that "Alba Foods, another productive programs, along with Alba Petróleos- tied to the political strategy of the FMLN, has invested $30 million this year and among the basic grain harvest 2012 and 2013, expects to complete $60 million to expand its geographical presence.
Alba Alimentos may buy 70% of the shares belonging to Precosal who recently entered the Salvadoran rice market.
Elsalvador.com reports that the company, owned by members of the FMLN, may make a request for the award of 20% of the market, which is viewed by industrialists as breaking the rules of the game which have prevailed in the sector.
"The agreement for marketing rice, which is reviewed every year, establishes a price of $19 per quintal of wet grain, in an operation performed by the Stock Exchange of Goods and
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