Because in 2023 the tariff on rice imports will be zero because of the CAFTA-DR Treaty, rice producers in El Salvador are asking for a review of the trade agreement.
According to CAFTA-DR, which was signed in 2004 and came into force in 2006, the tariff on imports (DAI) will be eliminated gradually.
The IAD was reduced from 40% to the 13% currently charged; in 2022 it will be reduced to 6.7% and in 2023 it will be reduced to zero.
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
80% of rice companies are experiencing problems obtaining credit.
2008's global food crisis and the financial crisis that followed in 2009 have led to big losses in El Salvador's agricultural sector.
"Rice growers' bad luck continues and signs of recovery seem ever further away, especially with the government deciding to import 7,000 tons of rice this year through the UN World Food Program (WFP)," reports Elsalvador.com.
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