In the first half of 2020, Central America spent $206 million on rice imports, 50% more than in the same period in 2019, with Honduras, Panama, El Salvador and Guatemala being the markets that boosted the increase in purchases.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
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"]
In order to meet local demand between May and August, the government authorized the import of 2.3 million quintals of paddy rice.
This decision was taken at an expanded meeting of the Committee on the Agrifood Chain of Rice, where its members agreed to recommend to the Executive the import of rice mentioned above, whose date of entry into the country is limited to 15 June 2020, which is recorded in the minutes of the resolution, reported the Ministry of Agricultural Development (MIDA).
Between January and September 2019, Central America allocated $198 million to rice imports, 22% less than in the same period in 2018, with Panama and El Salvador being the markets that recorded the most significant reductions.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
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"]
In the first nine months of 2018 rice imports in Central America totaled $ 254 million, and purchases from companies in Brazil grew 251% over the same period of 2017.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
In the first six months of the year, rice imports in Central America reached $163 million, an increase of 56% over the same period in 2017.
Figures from the information system of the Rice Market in Central America, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In the first three months of the year, rice imports into Central America totaled $64 million, registering an increase of 29% over 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"]
In 2017, countries in the region imported $265 million worth of rice, of which 45% was purchased by companies in Costa Rica and Honduras.
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"]
In the last 16 years the amount of land cultivated with white corn has grown at an average annual rate of barely 1%, while in the case of beans, growth has been at an average annual rate of 6%.
From the executive summary of the report "Current situation of basic grains in Honduras", prepared by the Honduran Council of Private Enterprise:
In June, the FAO food price index showed a year-on-year increase of 7%, mainly due to significant increases in the prices of dairy and cereals.
From a statement issued by the World Food Organization:
» The FAO Food Price Index* (FFPI) averaged 175.2 points in June 2017, up 2.5 points (1.4 percent) from May and 11 points (7 percent) above its level a year earlier. June marked the second successive month of increase in the value of the FFPI. The rise was driven by relatively large increases in dairy and cereal prices. Meat quotations also firmed, while those of sugar and vegetable oils dropped.
Between January 2015 and December 2016, the average price per kilo of rice imported by Central American countries fell from $0.46 to $0.35.
Figures from the information system on the the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Clic para interactuar con la gráfica"]
The FAO food price index remained unchanged in comparison to November, with substantial increases in the prices of vegetable oils and dairy products which more than offset a fall in sugar and meat.
From a statement issued by the World Food Organization:
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