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Rising cost of rice cultivation in Panama

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Affected by the rising prices of international primary products, the cost of fertilizer, agricultural machinery and fuel needed for growing rice in Panama has also risen. Farmers today asked the government to increase the subsidy for rice planting.


Affected by the rise of international primary prices, the cost of chemical fertilizer, agricultural machinery and fuel for planting rice also rose, resulting in a sharp decline in the profit of rice planting, and many farmers gave up planting rice. In order to ensure the national rice supply and avoid the impact on Residents' daily consumption, farmers asked the government to increase the rice planting subsidy from US $7.5 to US $12.5, and said that if the government did not act, farmers would take protest action.


In response, the Minister of agriculture and animal husbandry development said that he understood the situation of farmers. The Ministry of agriculture and animal husbandry development is analyzing with other government departments the possibility of increasing subsidies, and rice prices will not rise. At the same time, the Ministry of agriculture and animal husbandry development has also taken other measures to stabilize the rice price, such as avoiding the import of high price rice and improving the rice production efficiency. In addition, the consumer protection and competition defense agency of Panama has also cooperated with the Ministry of agriculture and animal husbandry development, and has visited and investigated the rice stocks in barns and stores across the country.

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Source: China Agricultural Information Network