Arguing that there are justified reasons to increase the price of pile of rice, in Costa Rica the Alvarado administration authorized a 1.9% increase in the final price to the consumer.
With the increase decreed by the Ministry of Economy, Industry and Commerce (MEIC), the price per kilo will rise from $1.06 to $1.08, for the variety with 20% broken grain, also known as 80/20.
Last month FAO's food price index rose 10% from November 2018, explained by rising prices of meat, dairy products and vegetable oils.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 177.2 points in November 2019; up 4.7 points (2.7 percent) from October and 15.4 points (9.5 percent) from the corresponding period last year.
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 Dr. Calderón Guardia Hospital tenders the supply of fresh or minimally processed fruits and vegetables, as well as pulp based on pasteurized fruits without sugar.
The U.S. restaurant chain Olive Garden plans to open its first restaurant in the country in July 2020, and for 2021 and 2022 it plans to open two more points of attention.
The first location to be opened by the investment group AR Holdings, a member of Grupo Promerica, will be 450 square meters and will be in Escazu, and the estimated investment for this restaurant is $1.3 million.
In the tenth month of the year, the FAO food price index rose 6% from October 2018, explained by rising prices of sugar, meat, dairy products and vegetable oils.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 172.7 points in October 2019, up 1.7 percent (3 points) from September and 6.0 percent higher than in the corresponding period last year. The increase in October marked the first significant month-on-month rise in the value of the Index since May 2019, as surges in the prices of sugar, cereals and, to a lesser extent, meat and vegetable oils, more than offset a small decline in the value of the dairy sub-index.
From January to September 2019, sales of the agricultural sector abroad totaled $2,080 million, 7% less than in the same period in 2018, mainly because of the performance of banana, pineapple and coffee exports.
Figures from the Foreign Trade Promoter (Procomer) detail that between the first nine months of 2018 and the same period of 2019, exports registered a slight increase, going from $8,490 million to $8,629 million.
From January to March 2019, Central American exports of vegetables totaled $56 million, 5% less than what was reported in the same period in 2018, a decrease explained by the behavior of sales to companies in the United States.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
From January to March 2019, companies from countries in the region imported $47 million in food for dogs and cats, 12% more than was reported in the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
In the ninth month of the year, the FAO food price index increased by 3% compared to September 2018, explained by the rise in the prices of sugar, meat, dairy products and vegetable oils.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged nearly 170 points in September 2019, unchanged from August but 3.3 percent higher than in the corresponding period last year. While in September sugar prices fell sharply, the decline was almost entirely offset by higher prices of vegetable oils and meat. The Dairy index was down only marginally, whereas that of cereals remained steady.
Because there are customers who demand gluten-free food, vegan food or dishes that adapt to the ketogenic diet, companies in Costa Rica can exploit new market niches.
The number of consumers who demand specialized food is rising in the Costa Rican market, so some restaurants have changed their menus to meet the demands of customers.
During the first quarter of the year, corn imports from companies in the region reached $194 million, 15% more than reported in the same period of 2018.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
In Costa Rica, the Pizza Hut chain expects to invest about $1.6 million in the next few months in the opening of six new sales points outside the Greater Metropolitan Area.
Representatives of the company informed that the new premises will be located in Nicoya, Orotina, Quepos, San Rafael de Alajuela, Turrialba and San Ramón. In the case of the sales point in Nicoya, it was inaugurated last September 17.
Yerbal (Pambiotica S.L.), a company dedicated to the production of infusions, spices and condiments, EXMESA (Export of goods from Extremadura), which produces confectionery based on figs, and the wine cellar HABLA belong to the food sector, informed the Chamber of Foreign Trade (CRECEX).
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
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