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Panama's rising rice costs demand subsidies to ensure the supply of farmers

 Last Update: 2021-07-29
 Source: Internet
 Author: User

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Affected by the rising prices of international primary products, the cost of fertilizers and agricultural machinery fuels for rice planting in Panama has also risen.
Farmers have recently asked the government to increase the subsidy for rice planting to US$12.
5 per quintal (1 quintal equals 100 kilograms) .

Panama’s "Panama Las Americas" reported on July 13 that Ludgerio Sánchez, a representative of Panamanian rice producers, said recently that due to the impact of rising international prices of primary products, the cost of chemical fertilizers, agricultural machinery and fuel needed to grow rice are There has also been an increase, and this has led to a sharp decline in the profits of rice planting, and many farmers have therefore chosen not to grow rice
.
At the same time, rice prices in a series of countries, including neighboring Costa Rica, have also risen
.

In order to ensure the country's rice supply and prevent residents' daily consumption from being affected, Sanchez said that farmers asked the government to increase the subsidy for rice planting from US$7.
5 per quintal to US$12.
5 per quintal
.
Sanchez pointed out that the Ministry of Agriculture and Animal Husbandry Development must respond to Panamanian farmers' requests within a week, otherwise farmers will take protest actions
.

　　In response, Augusto Valderrama, Minister of Agriculture and Animal Husbandry Development, said that he understands the situation of farmers.
The Ministry of Agriculture and Animal Husbandry Development is analyzing the possibility of increasing subsidies with other government departments.
Will not rise
.
At the same time, the Ministry of Agriculture and Animal Husbandry Development has also adopted other measures to stabilize rice prices, such as avoiding the import of high-priced rice and increasing the efficiency of rice production
.
In addition, the Panamanian Consumer Protection and Competition Defense Agency (Acodeco) has also cooperated with the Ministry of Agriculture and Animal Husbandry Development, and has visited and investigated the status of rice stocks in various barns and stores across the country
.

　　Valderrama reiterated: "The way to deal with the increase in the cost of rice production is not to increase the selling price, but to reduce the cost, because any increase in commodity prices will have a great impact
.
"

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