The rice mill belonging to producers in Chiriqui is now being offered at $2 million, $1 million less than the initial price.
After a failed attempt to sell the rice mill members of the Rice Producers Association and Basic Grains of Chiriqui (Apach) in Alanje, have reduced the price from $3 million to $2 million.
At an auction last week made through the Agricultural Commodity Exchange only one proponent presented themselves with a bid of only a million dollars, reported Prensa.com.
The Agricultural Exchange of Nicaragua is aspiring to become an International Business Center.
They are seeking to regionalize the trading of commodities or raw materials for agricultural purposes both at the point of origin and destination.
Enrique Zamora, president of the Agricultural Exchange of Nicaragua (Bagsa), explained that they will continue to work in 2009 and the Exchanges in each country offering will be the one doing the trading at the International Business Center, which will be headquartered at the Agricultural Exchange of Nicaragua.