Jump to content
Sign in to follow this  
Bud

Rice as a Business Sector / Importation of Rice and Rice Subsidies

Recommended Posts

Another interesting article about food. This one reads:

Quote

Panama to Import Less Rice In 2016

The increase in 5,800 hectares in the amount of land planted with rice in 2015 will lead to an increase in local production which will reduce imports required to complete supply of the domestic market by almost 50%.

Tuesday, May 31, 2016i

An article on Laestrella.com.pa reports that Jorge Arango, Minister of Agricultural development, said that "... the country has increased domestic production of rice this year, therefore imports of this grain will be reduced ' by nearly half 'what was imported in previous years. "

"... The drought severely affected the domestic agricultural sector last year. However, Arango stressed that this was not an obstacle to rice farmers sowing 5,800 hectares more than in 2014 and harvesting an additional million hundredweight compared to the previous period. "

Here is the link to the article: http://www.centralamericadata.com/en/article/main/Panama_to_Import_Less_Rice_In_2016

Share this post


Link to post
Share on other sites
Quote

Central America: Rice Imports Up 29%

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.

Thursday, August 2, 2018

Figures from the Information System on the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData:

image.png
Imports by country 
In the first quarter of the year, the main rice importer in Central America was Panama, with $19 million, followed by Nicaragua, with $13 million, Guatemala, with $11 million, Costa Rica, with $9 million, El Salvador, with $8 million and Honduras, with $4 million.

Variation of regional imports 
Between the first quarter of 2017 and the same period in 2018, the import volume of rice registered an increase of 9%, rising from 146,000 tons to 158,000 tons.

Similar to volume, the import value showed the same behavior in the periods in question, since purchases registered an increase of 29%, rising from $50 million in 2017 to $64 million in 2018.

Origin of imports 
From January to March 2018, 52% of the value imported from Central America came from the USA, 26% from Brazil, 7% from Guyana and 7% from Uruguay. 

For the period in question in the last seven years, Uruguay is the market of origin of imports that has grown the most, since in 2012 it represented 0.5% of the total value purchased by the region and in 2018 that proportion was 7%.

 

https://en.centralamericadata.com/en/article/home/Central_America_Rice_Imports_Up_29

Share this post


Link to post
Share on other sites
Quote

Subsidy on Rice Production Extended

In Panama, the incentive of $7.50 applied to each hundredweight of paddy rice has been extended for the period from July 1, 2018 to June 30, 2019.

Thursday, September 20, 2018

The Ministry of Agricultural Development (Mida) reported that in addition to the incentive of $7.50, it has been established that the price of a hundredweight of rice will be $17, (depending on the variations that occur in terms of promotions or discounts), which will be paid by the mills and intermediaries to local producers.

See also "Central America: Rice Imports Up 29%" and "Imports of rice in Panama"

From a statement issued by the MIDA:

The Government of the Republic of Panama through the Ministry of Agricultural Development (MIDA), in favor of safeguarding the country's food security, wishes to publicise that the incentive to be given to national rice producers, referring to Law 107 of November 21, 2013, which includes an incentive of $ 7.50, will be extended for the period 2018-2019.

The decree, which was published in the Official Gazette on September 12, reaffirms the interest of the State in ensuring that each Panamanian has the best products to feed themselves with and at the best price.

Read full statement (In Spanish).

 

https://www.centralamericadata.com/en/article/main/Subsidy_on_Rice_Production_Extended

Share this post


Link to post
Share on other sites
Quote

More and More Rice Imported to Central America

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.

Friday, October 26, 2018

Figures from the information system of the Rice Market in Central America, from the Trade Intelligence Area of CentralAmericaData:

image.png

Imports by country
During the first half of the year, the main importer of rice in Central America was Costa Rica, with $40 million, followed by Panama, with $37 million, Nicaragua, with $24 million, Guatemala, with $23 million, Honduras, with $21 million and El Salvador, with $19 million.

Variation in regional imports
Between the first semester of 2017 and the same period of 2018, the volume imported of rice registered an increase of 24%, from 302 thousand tons to 373 thousand tons.

Like the volume, the value reported the same behavior for the periods in question, since purchases registered an increase of 56%, from $104 million in 2017 to $163 million in 2018.

Origin of imports
From January to June 2018, 48% of the value imported from Central America was from the U.S., 27% from Brazil, 13% from Guyana and 6% from Uruguay.

For the period in question of the last seven years, Guyana is the origin market of imports that has grown the most, since in 2012 it represented no purchases in the region and in 2018 it accounted for 13% of Central American purchases.

 

https://www.centralamericadata.com/en/article/main/More_and_More_Rice_Imported_to_Central_America

Share this post


Link to post
Share on other sites
Quote

Rice Subsidy: In force until June 2020

In Panama, the subsidy to producers of $7.50 per quintal of rice that expired on June 30, 2019, was extended again by the government, this time until June 30, 2020.

Monday, July 22, 2019

The signing of a resolution to support national rice producers took place on July 18 at a meeting held by President Laurentino Cortizo Cohen with the Minister of Agricultural Development, Augusto Valderrama, and directors of public agricultural sector institutions, the government said.

You may be interested in "Crops in Central America: Main Figures in 2018"

According to the Ministry of Agricultural Development (MIDA) statement, "... Through Ministerial Resolution 069 of July 18, 2019, it is guaranteed to give continuity to the support given to rice farmers of 7.50 balboas per quintal, thus ensuring sustainability in the price to the consumer.

This support will be given to each quintal of paddy rice that is harvested and sold between July 1, 2019 and June 30, 2020.
"

 

https://www.centralamericadata.com/en/article/main/Rice_Subsidy_In_force_until_June_2020

Share this post


Link to post
Share on other sites
Quote

Rice in Panama: Planted Area Grows 5%

For the 2019-2020 agricultural cycle, 67,558 hectares of grain have been planted in the country, an area that exceeds in 5% what was reported for the previous harvest.

Wednesday, November 6, 2019

92.2% of the total rice crop is unirrigated (62,280 hectares with 988 producers) and 7.8% is irrigated (5,278 hectares of 53 producers), informed the Ministry of Agricultural Development (MIDA).

You may be interested in "Rice: Imports up to March 2019"

The official report states that "... the province of Chiriquí registers the highest percentage of planting of the product, followed by Panama Este and Los Santos.

The report also details that some 290 producers have harvested so far 20,867 hectares, representing 30.8% of the planted area (67,558 hectares), for a total of 2,175,657 quintals wet and dirty, with a yield of 104 quintals per hectare.

The minister of MIDA, Augusto Valderrama stressed that these figures show that the country does not need to import rice, there is enough grain to supply the domestic market.
"

According to reports from CentralAmericaData, during 2018 the main importer of rice in Central America was Panama, with $79 million, followed by Costa Rica, with $75 million, Honduras, with $69 million, Nicaragua, with $47 million, Guatemala, with $46 million and El Salvador, with $40 million.

 

https://www.centralamericadata.com/en/article/main/Rice_in_Panama_Planted_Area_Grows_5

Share this post


Link to post
Share on other sites
Quote

Rice: Import Price Falls 21%

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.

Friday, November 22, 2019

Figures from the Trade Intelligence Unit of CentralAmericaData:

image.png

Costa Rica, Top Buyer
From January to June 2019, the main importer of rice in Central America was Costa Rica, with $41 million, followed by Panama, with $25 million, Guatemala and Nicaragua, with $22 million each, El Salvador, with $15 million, and Honduras, with $13 million.

Regional Business Upwards
Between the first six months of 2018 and the same period in 2019, the value of rice imports fell by 16%, from $163 million to $137 million.

Origin of Imports
From January to June 2019, 64% of the value imported from Central America came from the U.S., 15% from Argentina, 6% from Guyana, 6% from Brazil and 3% from Uruguay.

For the period in question of the last eight years Argentina is the market of origin of imports that has grown the most, since in 2012 there were no purchases in the region and in 2019 it accounted for 15% of Central American purchases.

 

https://www.centralamericadata.com/en/article/main/Rice_Import_Price_Falls_21

Share this post


Link to post
Share on other sites
Quote

Food: $17 Million for Producer Subsidy

The National Assembly of Panama approved funds to pay during the second half of the year, incentives to producers of rice, corn and milk grade C.

Friday, November 29, 2019

The Budget Commission of the National Assembly approved in favor of the Ministry of Agricultural Development (MIDA) $17,371,543, to pay incentives to producers, needs an official report.

You may be interested in "Crops in Central America: Main Figures in 2018"

The statement reviews that "... The minister of MIDA, Augusto Valderrama, explained that will be supported with non-refundable resources to rice producers, who sell their crop in shell, wet and dirty to the national industry, for the 2019-2020 cycle. He also indicated that they will support producers of grade C milk, which make sales to plants and dairy industries, corresponding to what corresponds to the last half of this year.

Valderrama said that these non-reimbursable funds will consolidate the national production of grains and milk, in addition to ensuring food security of the Panamanian population, through the strengthening of agricultural and dairy activity, because together they represent about 50% of the caloric contribution of the basic food basket.
"

 

https://www.centralamericadata.com/en/article/main/Food_17_Million_for_Producer_Subsidy

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...